简体中文
ภาษาไทย
繁體中文
Indonesia
EURUSD: Low level oscillation moves up
2022-10-03
1115
Fundamental analysis:
EURUSD remained volatile at around 0.97970, and the potential actions of the European Central Bank may only be a short-term boost to the euro. Due to the high expectation of economic recession in the euro area, it is difficult for the European Central Bank to raise interest rates more than the United States. Therefore, even if the European Central Bank raises interest rates later, it may have little incentive for the euro.
EUR USD EURUSD - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the power of the low bulls moves upward in a ladder like manner, and the short-term trend of long bulls may continue. The MACD indicator is at the upper side of the 0 axis and the weak side hovers, while the RSI indicator is at the 50 balanced line side and the narrow range is collated;
Empty turning point: 0.97762
Pressing position: 0.98404, 0.98868
Support position: 0.97365, 0.97029
Trading strategy: bullish above 0.97762, target 0.98404, 0.98868
Alternative strategy: bearish at 0.97762, target 0.97365, 0.97029
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
