简体中文
ภาษาไทย
繁體中文
Indonesia
EURUSD: continuation of weakness
2022-08-26
1107
Fundamental analysis:
Goldman Sachs said that the euro zone is facing recession, and the European Central Bank may need to cut interest rates to deal with it. This is undoubtedly another negative factor facing the euro. Goldman Sachs expects a mild recession in the euro zone in the second half of 2022. The conflict between Russia and Ukraine has led to a serious interruption of natural gas supply, resulting in a slowdown in economic growth
EURUSD daily chart
Technical analysis:
According to the daily chart, the short-term exchange rate stops falling after falling rapidly. MACD operates under the 0 axis and the volume can be released under the 0 axis. RSI hovers at a low level. It is expected that the short-term exchange rate will further decline after rebound.
Long and short turning point: 1.0150
Pressing position: 1.0400 1.0600
Support position: 0.9950 0.9800
Trading strategy: bearish below 1.0150, target 0.9950, 0.9800
Alternative strategy: bullish above 1.0150, target 1.0400, 1.0600
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
