简体中文
ภาษาไทย
繁體中文
Indonesia
EURUSD: high volatility
2023-06-18
701
Fundamental analysis:
EUR/USD remained volatile around 1.09440, and the overall annual inflation rate in the euro zone is expected to decline further in May. Core annual inflation has also started to moderate, which could be a sign of a material shift in price pressures.
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, and the bullish momentum in the market continues to move upwards. The MACD indicator is in a high level consolidation in the bullish area, and the RSI indicator is in a high level of volatility;
Resistance levels: 1.09625 1.09805
Support levels: 1.09127 1.08945
Trading strategy: Bullish above 1.09328, target 1.09625 1.09805
Alternative strategy: bearish below 1.09328, target 1.09127 1.08945
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
