简体中文
ภาษาไทย
繁體中文
Indonesia
Inflation remains at record high, EUR/USD remains weak
2022-06-01
833
Fundamental analysis:
The euro remained weak for now after data on Tuesday showed euro zone inflation hit a record high in May, adding to pressure on the European Central Bank, which is looking to gradually raise interest rates in the coming months to curb high prices while fending off a recession.
EURUSD Daily Chart:
Technical analysis: The daily moving averages are beginning to be in a bullish arrangement, the exchange rate is under pressure in the long-short turning area, the MACD is running above the 0-axis and the volume and energy 0-axis continues to increase slightly, the RSI has begun to flatten, and it is expected that the short-term exchange rate will be more likely. Consolidation and below the bullish turning area.
Long and short turning point: 1.0800
Suppression bit: 1.0960 1.1140
Support: 1.0630 1.0460
Trading strategy: bearish below 1.0800, target 1.0630, 1.0460
Alternative strategy: bullish above 1.0800, target 1.0960, 1.1140
The above analysis is a personal opinion and is for reference only.
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 AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
