简体中文
ภาษาไทย
繁體中文
Indonesia
EURUSD: Bears plunge
2023-02-06
1093
Fundamental analysis:
EUR/USD remained oscillating around 1.08045. The European Central Bank intends to raise interest rates by 50 basis points at the next monetary policy meeting in March, and then will evaluate the follow-up path of its monetary policy. The European Central Bank's reassessment could signal the end of the tightening cycle, as the euro fell to session lows against the dollar as German bonds sold off.
EURUSD—4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The short-term momentum has fallen rapidly, and the short-term decline has not stopped. The market is shrouded in bearish sentiment, and the low position continues to move downward. continued downward;
Long-short turning point: 1.08138
Suppression: 1.08313, 1.08502
Support: 1.07877, 1.07713
Trading strategy: bearish below 1.08138, target 1.07877, 1.07713
Alternative strategy: Bullish above 1.08138, target 1.08313, 1.08502
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
