简体中文
ภาษาไทย
繁體中文
Indonesia
EURUSD: high move up
2023-03-21
823
Fundamental analysis:
EUR/USD remained volatile around 1.07130. The merchandise trade deficit in the euro zone narrowed in January, and both imports and exports fell. In January, exports in the euro zone fell by 1.1% month-on-month, and imports fell by 1.8% month-on-month. On a seasonally adjusted basis, the goods trade deficit was 11.3 billion euros ($12.1 billion) in January.
EURUSD—4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum continues the upward trend, the market as a whole is bullish, and it will continue to move upward in the short term. The MACD indicator is in the bullish zone and is slowly rising, and the RSI indicator is hovering above the 50 balance line;
Resistance levels: 1.07344 1.07474
Support levels: 1.06977 1.06837
Trading strategy: bearish below 1.07130, target 1.06977 1.06837
Alternative strategy: Bullish above 1.07130, target 1.07344 1.07474
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
