简体中文
ภาษาไทย
繁體中文
Indonesia
EURUSD: high volatility
2023-01-10
1026
Fundamental analysis:
EUR/USD remained volatile around 1.07226, and market expectations for the Fed to reduce and slow down interest rate hikes are increasing day by day. Although the inflation rate in the euro zone has dropped to below single digits, the core inflation rate is still high. The European Central Bank also indicated that the pace of raising interest rates by 50 basis points will continue, so the rebound performance of the euro against the dollar is still expected.
EURUSD—4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: After the bullish momentum pulled up strongly, the high level fluctuated short-term, and the market bullish high level retracement, but the overall bullish sentiment remained, the MACD indicator continued to move upward in the bullish zone, and the RSI was not in the bullish zone.
Long-short turning point: 1.07101
Suppression: 1.07413, 1.07599
Support: 1.06904, 1.06702
Trading strategy: Bullish above 1.07101, target 1.07413, 1.07599
Alternative strategy: bearish below 1.07101, target 1.06904, 1.06702
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
