EURUSD remained volatile at around 0.99937. As the European natural gas crisis, high inflation and global monetary policy tightening had a serious impact on the economic outlook, Fitch predicted that the refinancing rate of the European Central Bank would rise to 2% by December.
EUR USD EURUSD - 4-hour K line chart shows:
The 4-hour chart shows that after the sharp decline of short sellers, they began to narrow the range of consolidation and translation. The market's short sellers' sentiment remained unchanged, with a downward trend again. The MACD index maintained consolidation in the short regions, and the RSI index remained weak at the bottom of the 50 equilibrium line;
Empty turning point: 1.00037
Pressing position: 1.00296, 1.00586
Support position: 0.99715, 0.99475
Trading strategy: 1.00037 lower bearish, target 0.99715, 0.99475
Alternative strategy: bullish above 1.00037, target 1.00296, 1.00586