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EURUSD: low pull up

2023-02-20

1022

EURUSD

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

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EURUSD: low pull up

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