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The employment data of the United States is beautiful, and the euro maintains consolidation against the US dollar

2022-06-06
793
Fundamental analysis:

The dollar index rose 0.41% to 102.18. This week, the index rose about 0.5%; Earlier, the US released a better than expected employment report, indicating that the employment market is tightening, which may make the US Federal Reserve continue to raise interest rates aggressively.

EURUSD daily chart:


Technical analysis: the daily chart average is weak in a long-term arrangement, the exchange rate is tenacious and runs below the long and short turning area, the MACD runs above the 0 axis and the volume can be increased slightly, the RSI tends to be flat, it is expected that the short-term exchange rate will continue to rebound upward, and attention will be paid to whether the suppression of the long and short turning area is effective.  

Multi empty turning point: 1.0800

Pressing position: 1.0960 1.1140

Support position: 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 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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