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The agency predicts that the European Central Bank will raise interest rates this year

2022-06-07
991
Fundamental analysis:

EURUSD remained volatile around 1.06907. Due to the fact that the European Central Bank has been lagging behind in controlling inflation, many large institutions analyzed and predicted that the European Central Bank will increase interest rates in the year. Once the European Central Bank raises interest rates, it will gradually narrow the gap with the Federal Reserve in terms of interest rate spread. In this case, the euro will also receive some praise.


EURUSD - 4-hour K-line chart display:




Technical comments: it has remained in the high Bollinger belt index channel for a long time and fluctuated in a wide range. The short-term high and short short positions have retreated from the weak shock. The Bollinger belt index is in the closing trend. The MACD index is in the weak hovering near the 0 axis, and the RSI index is under the 50 equilibrium line;


Multi empty turning point: 1.07041


Pressing position: 1.07322, 1.07595


Support position: 1.06598, 1.06275


Trading strategy: bearish below 1.07041, target 1.06598, 1.06275


Alternative strategy: bullish above 1.07041, target 1.07322, 1.07595


The above analysis is a personal point of view 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.

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