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EURUSD: bull moves up rapidly
2022-10-18
1058
Fundamental analysis:
EUR/USD remained volatile at 0.98306. ECB Governing Board Hernandez Decos: The ECB will continue to normalize its policies until the desired price level is achieved. Spain should review spending and taxation to improve efficiency.
EUR USD EURUSD - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that after the short-term narrow range shock and translation, the bull power began to rise rapidly, and the market bull sentiment began to emerge. The MACD index hovered above the 0 axis, and the RSI index was at the 50 equilibrium line;
Empty turning point: 0.98183
Pressing: 0.98597, 0.98890
Support: 0.97837, 0.97509
Trading strategy: bullish above 0.98183, target 0.98597, 0.98890
Alternative strategy: bearish at 0.98183, target 0.97837, 0.97509
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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