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EURUSD: low pull up

Fundamental analysis:

EUR/USD remained oscillating around 1.06958. European Central Bank Governing Council Villeroy: Inflation is currently too fast and may continue to develop. As energy costs fall, governments should cut aid. The ECB may give a short-term policy outlook.

EURUSD—4-hour K-line chart shows:

Brief technical analysis:

The 4-hour chart: the momentum of low-level bulls continues to move upward, short-term bullish sentiment emerges, the market bulls continue to rise, the MACD indicator is in the short zone and maintains consolidation, and the RSI indicator is in the short zone and fluctuates upward to hover around the 50 balance line;

Long-short turning point: 1.06838

Suppression: 1.07167, 1.07416
Support: 1.06534, 1.06321

Trading strategy: Bullish above 1.06838, target 1.07167, 1.07416
Alternative strategy: bearish below 1.06838, target 1.06534, 1.06321

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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