The ECB Governing Board and President of the Portuguese Central Bank, Sertno, said that the ECB has the ability to reduce the pace of interest rate increases after two 75 basis points of interest rate increases.
EURUSD daily chart
The daily chart shows that the short-term exchange rate continues to step back slightly, the MACD shrinks slightly on the 0 axis, and the RSI is weakened at a high level. It is expected that the short-term exchange rate will rise further after the settlement.
Empty turning point: 1.0150
Pressing position: 1.0400 1.0650
Support position: 0.9950 0.9750
Trading strategy: bullish above 1.0150, target 1.0400, 1.0650
Alternative strategy: bearish under 1.0150, target 0.9950, 0.9750