简体中文
ภาษาไทย
繁體中文
Indonesia
EURUSD: Climbing higher
2023-06-16
724
Fundamental analysis:
EUR/USD remained volatile around 1.09442. The European Central Bank raised all three major interest rates by 25 basis points, in line with market expectations. The interest rate reached the highest level before the emergency rate cut in October 2008 during the financial crisis.
EURUSD—4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high short-term bullish sentiment is still high, the market bulls continue to rise, the MACD indicator is moving up from the high level in the bull zone, and the RSI indicator is in the high zone of the bull zone;
Resistance levels: 1.09625 1.09805
Support levels: 1.09127 1.08945
Trading strategy: Bullish above 1.09328, target 1.09625 1.09805
Alternative strategy: bearish below 1.09328, target 1.09127 1.08945
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
