On Thursday, Euro rose to 1.1682 US dollars, the largest one-day gain since May. The U.S. index fell to 93.35 and hit a one-month low. European Central Bank President Lagarde admitted that inflation will remain high for a longer period but refuted the market's speculation that price pressures will trigger interest rate hikes as early as next year.
From a technical perspective, Euro’s daily candle broke through the key resistance 1.1670, and operates near the upper BOLL band. In H4 graph, MACD and RSI indicators show bullish signals. Overall, prioritise Buy within the fluctuation zone. Consider the support zone and resistance zone, the deciding point whether to buy or sell is near 1.1625.
Resistance：1.1700-1.1725-1.1750
Support：1.1670-1.1650-1.1620
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