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EURUSD: high move up
2023-07-14
768
Fundamental analysis:
EUR/USD remained volatile around 1.12249. European Central Bank meeting minutes: Market-based long-term indicators remain high: After raising interest rates by 50 basis points, the decision to raise interest rates by 25 basis points has become a broad consensus.
EURUSD—4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum has moved up at a high level, the market is shrouded in bullish sentiment, and there is a trend of continuing to move upward in the short term, the MACD indicator is at a high level in the bullish zone, and the RSI indicator is hovering above the 80 balance line in the bullish zone;
Resistance levels: 1.12425 1.12637
Support levels: 1.11887 1.11663
Trading strategy: Bullish above 1.12111, target 1.12425 1.12637
Alternative strategy: bearish below 1.12111, target 1.11887 1.11663
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.
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