On Wednesday, Euro rose slightly, and the dollar fell. The Fed announced that it will reduce the scale of asset purchases from November, but Powell hinted that they are not in a hurry to raise interest rates. Lagarde said the possibility of raising interest rates next year is very small because inflation is still too low. The yield on German 10-year government bonds is in negative territory.
Technically, the euro’s daily graph closed with a small bullish and bearish candle in this week, signifying that the market direction, while indicator remains neutral. H4 graph shows that EURUSD rebounded slightly, BOLL and the moving average were flat, and the indicators were slightly bearish. Overall, prioritise operation within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point is near 1.1620
Resistance：1.1620-1.1660-1.1690
Support：1.1570-1.1550-1.1520
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