CM Trade

Download APP to receive bonus

GET

EURUSD: sedikit tinggi

2022-11-24
1235
Fundamental analysis:

EURUSD remained volatile around 1.03983, and the euro area is almost certainly entering recession. However, the European Central Bank is expected to continue to tighten its policy in December, raising the deposit interest rate by 50 basis points, because it is worried that the rapid rise in prices will become deep-rooted.


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




Technical analysis:

The 4-hour chart shows that the bulls' power level moved up slowly, and the short-term bullish mood was good. The early high level was just around the corner, the MACD index was in the weak consolidation on the upper side of the 0 axis, and the RSI index was in the continuous upward trend in the bulls' area;

Empty turning point: 1.03723

Pressing: 1.04374, 1.04767

Support: 1.03306, 1.02861

Trading strategy: bullish above 1.03,723, target 1.04,374, 1.04,767

Alternative strategy: 1.03723 bearish, target 1.03306, 1.02861

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