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EURUSD: sharp drop from highs
2022-11-29
1246
Fundamental analysis:
EUR/USD remained volatile around 1.03387. European Central Bank Chief Economist Lane and Central Bank Executive Committee member Schnabel are the main players in the central bank's high-level debate on the economic situation. Regarding whether the central bank should slow down the pace of interest rate hikes, or even how to assess inflation, the two have recently There were serious conflicts of opinion.
EURUSD—4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term momentum has fallen rapidly, and the short-term short-term momentum has waited for an opportunity to enter the market and move downward. The MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;
Long-short turning point: 1.03554
Suppression: 1.03931, 1.04266
Support: 1.03000, 1.02623
Trading strategy: bearish below 1.03554, target 1.03000, 1.02623
Alternative strategy: Bullish above 1.03554, target 1.03931, 1.04266
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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