简体中文
ภาษาไทย
繁體中文
Indonesia
EURUSD: high volatility
2023-01-26
970
Fundamental analysis:
The euro against the dollar remained volatile around 1.09127. Dutch Prime Minister Mark Rutte told the media in Brussels that the EU should not add new subsidies, but should reform national policies to protect European industries from being destroyed by the US "Inflation Reduction Act". Rutte said that there is already a lot of money in the system, and that subsidies and loans should no longer be given, but deep reforms should be carried out.
EURUSD—4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high level remains volatile in the short term, although the bullish sentiment in the market has weakened, it is still in the process of finishing at a high level, the MACD indicator is in the long zone and the RSI indicator is hovering weakly above the 50 balance line;
Long-short turning point: 1.09024
Suppression: 1.09348, 1.09565
Support: 1.08756, 1.08518
Trading strategy: Bullish above 1.09024, target 1.09348, 1.09565
Alternative strategy: bearish below 1.09024, target 1.08756, 1.08518
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
