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EURUSD: High rise

2023-03-22
824
Fundamental analysis:

EUR/USD remains volatile around 1.07659, and the ECB is asking banks about their indirect exposure to Credit Suisse Group, as they have found that these banks have little or no holdings of Credit Suisse's subordinated debt on their balance sheets.

EURUSD—4-hour K-line chart shows:



Brief technical analysis:

The 4-hour chart shows that the bullish momentum has risen at a high level, and the short-term narrow-range arrangement has emerged. The bullish sentiment has emerged, and the bullish momentum has continued to rise. The MACD indicator is in the bullish zone and continues to move upward, and the RSI indicator is in the 50 balance line.

Resistance levels: 1.07807 1.07968

Support levels: 1.07412 1.07225

Trading strategy: Bullish above 1.07584, target 1.07807 1.07968
Alternative strategy: bearish below 1.07584, target 1.07412 1.07225

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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