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EURUSD: wide amplitude oscillation downward

2022-09-21
1212
Fundamental analysis:

EURUSD remained volatile around 0.99700. European Central Bank Vice President De Jindos said that the specific situation of further interest rate increase by the European Central Bank would depend on the macroeconomic data released in the future.


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




Technical analysis:


The 4-hour chart shows that the low position wide range shock trend continues, the short seller power moves downward, and there are signs of continuing to move downward in the short term. The MACD indicator hovers under the 0 axis, and the RSI indicator is in a narrow range under the 50 equilibrium line;


Empty turning point: 0.99751


Pressing position: 1.00015, 1.00242


Support position: 0.99498, 0.99297


Trading strategy: 0.99751 lower bearish, target 0.99498, 0.99297


Alternative strategy: 0.99751 upside bullish, target 1.00015, 1.00242

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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