EU data were better than expected, and Europe and the United States reversed sharply overnight

undamental analysis:

The euro remained volatile around 1.04602 against the US dollar. According to Eurostat, after seasonal adjustment, the GDP of 19 countries in the euro zone increased by 5.1% year-on-year and 0.3% month on month in the first quarter, both better than expected. Stimulated by good economic data, the euro rebounded sharply against the US dollar by 1.12% in the overnight foreign exchange market.

EURUSD - 4-hour K-line chart shows:

Technical comments: the low-level bull power continued to fluctuate and rise near the upper rail of the brin belt index. After reaching the node near 1.05638, the high level retreated when it was blocked. After touching the node near the middle rail of the brin belt index, it continued to decline. After the brin belt index showed an opening trend, it began to close. The short-term short power continued to decline, and the MACD index remained in the bull region to fluctuate

Long short turning point: 1.04712

Pressing position: 1.05078, 1.05409

Support position: 1.04232, 1.03912

Trading target: 91041.042

Alternative strategy: bullish above 1.04712, targets 1.05078 and 1.05409

The above analysis is a personal point of view and is for reference only.