The Euro/US dollar remained volatile at around 0.98261. The euro area is really a domestic disturbance and foreign invasion. Not only is its economic development affected by the possible expansion of the Russia Ukraine war, but the US Federal Reserve's monetary policy is soaring to support the rising of the US dollar, which has increased the downward pressure on the euro.
EUR USD EURUSD - 4-hour K line chart shows:
The 4-hour chart shows that the short selling power remains low and weak, the overall market decline may continue, and the short-term downward trend is good. The MACD indicator is in the low position of the short selling area and the RSI indicator is in the low position of the short selling area and remains hovering;
Empty turning point: 0.98369
Pressing position: 0.98604, 0.98868
Support position: 0.97938, 0.97639
Trading strategy: bearish at 0.98369, target 0.97938, 0.97639
Alternative strategy: bullish above 0.98369, target 0.98604, 0.98868