CM Trade

Download APP to receive bonus

GET

EURUSD: high order

2023-03-30
987
Fundamental analysis:

EUR/USD remained volatile around 1.08431, European Central Bank Governing Committee KAZIMIR: We see a decline in the market's willingness to provide banks with regulatory capital, in Slovakia the banks are in very good shape, we have to keep a close eye on the situation and we are ready to take any measures to ensure Price and Financial Stability in the Euro Area.

EURUSD—4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the high position is sorted out in a narrow range, the market’s bullish sentiment is still there, and there will be a trend of oscillating and moving upward in the short term. The MACD indicator is in the bullish area and the RSI indicator is hovering weakly above the 50 balance line;

Resistance levels: 1.08675 1.08926

Support levels: 1.08061 1.07802

Trading strategy: Bullish above 1.08305, target 1.08675 1.08926
Alternative strategy: bearish below 1.08305, target 1.08061 1.07802

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 Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More