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war and policy tightening continued, and Europe and the United States remained worried for a long time

2022-05-26
1023
Fundamental analysis:


Reuters survey shows that the tightening of central bank policies, concerns about economic recession and the economic impact of the war in Ukraine are expected to make it difficult for European stock markets to rise sharply for the rest of 2022.


EURUSD # daily chart:


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

Long short turning point: 1.0800

Pressing position: 1.0960 to 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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