CM Trade

Download APP to receive bonus

GET

EURUSD: Move Multiple Heads Up

2022-11-23
1287
Fundamental analysis:

EURUSD remained volatile around 1.03,022, and the price pressure in the euro area is becoming more extensive. At present, the inflation rate of nearly 90% of the commodities in the inflation basket is above 2%, and the inflation rate of more than a quarter of the commodities is above 10%.


EUR USD EURUSD - 4-hour K line chart shows:




Technical analysis:

The 4-hour chart shows that the bulls' momentum has maintained a weak upward trend, short-term bullish sentiment has begun to emerge, the market bulls' momentum has slowly entered the market, MACD is at the lower side of the 0 axis, and the RSI index is at the lower side of the 50 equilibrium line;

Empty turning point: 1.02810

Pressing: 1.03481, 1.03927

Support: 1.02336, 1.01917

Trading strategy: bullish above 1.02810, target 1.03481, 1.03927

Alternative strategy: bearish under 1.02,810, target 1.02,336, 1.01,917

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 Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More