The U.S. dollar index fell for the second consecutive trading day on Thursday, giving Euro some
breathing space. On Wednesday, Euro fell to $1.1263, the lowest since last July. Today, European Central Bank President Lagarde will deliver a speech. His recent remarks indicate that Europe is not in a hurry to raise interest rates.
Technically, Euro’s daily graph closed with Morning Star, the moving average maintained a bearish divergence, and RSI fluctuates around 30. H4 graph shows that MA formed a Golden Cross at the bottom position, stable around the middle BOLL band. Overall, prioritise operation within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point is near 1.1385
Resistance：1.1385-1.1420-1.1450
Support：1.1330-1.1300-1.1260
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