EURUSD: High level sorting

Fundamental analysis:

The euro remained volatile against the US dollar at 1.03921. The rebound of the euro against the US dollar was sharp, probably due to the settlement of a large number of long US dollar positions, which were established by investors hoping to profit from the months of US dollar rebound. A peak in the dollar means that the euro is near a low against the dollar. The Danish central bank believes that the euro will not fall to 0.95 against the dollar in the next three months.

EUR USD EURUSD - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that the high short-term ladder shock moves up, the short-term bullish mood is shrouded, the market bulls begin to wait for the opportunity to enter the market and continue to move up in a narrow range of shocks, the MACD index is in the long area of consolidation and translation, and the RSI index is in the long area of narrow range of wandering;

Empty turning point: 1.03739

Pressing: 1.04364, 1.04851

Support: 1.03295, 1.02892

Trading strategy: bullish above 1.03,739, target 1.04,364, 1.04,851

Alternative strategy: bearish under 1.03739, target 1.03295, 1.02892