简体中文
ภาษาไทย
繁體中文
Indonesia
EURUSD: Climbing higher
2023-03-23
895
Fundamental analysis:
EUR/USD remained volatile around 1.08552. The current account surplus and trade surplus in the euro zone expanded in January. The euro zone's seasonally adjusted current account stood at 17 billion euros in January, as a doubling of the goods trade surplus offset a slight decline in the services trade surplus. The euro zone has run large current account surpluses for years, but soaring energy costs led to a rare deficit last year, though that trend has now reversed.
EURUSD—4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the momentum of high-level bulls continues to rise, short-term bullish sentiment is shrouded, the market bulls are constantly pulling up, the MACD indicator is in the bullish zone and continues to move upward, and the RSI indicator is in the bullish zone and is rising at a high level;
Resistance levels: 1.08792 1.09033
Support levels: 1.08151 1.07902
Trading strategy: Bullish above 1.08407, target 1.08792 1.09033
Alternative strategy: bearish below 1.08407, target 1.08151 1.07902
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
