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Western Union continues to deliver knives, EUR/USD starts to weaken

2022-06-02
883
Fundamental analysis:
On June 1, the chairman of the Russian State Duma International Affairs Committee said that the new US military assistance to Ukraine would further escalate the situation. It said that any arms supply to the Ukrainian government would increase the security risk faced by the whole of Europe. The U.S. does not care about the risks to Europe, all they care about is weakening Russia and delaying special Russian military operations.
 EURUSD Daily Chart:

Brief technical analysis: The daily moving average is in a long position, but the exchange rate begins to weaken. The exchange rate is under pressure in the long-short turning area and then begins to decline. The MACD runs above the 0-axis but the volume is insufficient, and the RSI begins to weaken. It is expected that the short-term exchange rate will be large. Probability will continue to decline. 
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.

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