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The war between Russia and Ukraine continued, and the euro continued to rebound against the US dollar

2022-05-27
985
Fundamental analysis:

According to Russian media reports, on the evening of the 26th local time (the early morning of the 27th Beijing time), alestovic, the chief adviser of the office of the president of Ukraine, confirmed that the Ukrainian army had lost its strategic location in Donetsk - dividend man. Luhansk military chief executive confirmed that the Russian army has occupied 95% of Luhansk's territory. Ukrainian Deputy Defense Minister marial said the fighting in Donbas had reached "the highest intensity".

EURUSD daily chart:


Technical analysis: the daily average began to turn around, and the exchange rate continued to rise. MACD operated below the 0 axis, but the volume of energy continued to shrink under the 0 axis. RSI continued to strengthen, and it is expected that the short-term exchange rate will rise further.  

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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