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EURUSD: high volatility
2022-12-16
1060
Fundamental analysis:
EUR/USD remained volatile around 1.06248. The European Central Bank decided today to raise the three major interest rates by 50 basis points, and is expected to further increase interest rates based on a sharp increase in the outlook for inflation. From December 21, 2022, the interest rate on the main refinancing business and the interest rates on the marginal lending facility and the deposit facility will be raised to 2.50%, 2.75% and 2.00%, respectively.
EURUSD—4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: high short-term wide fluctuations, the market's short-term momentum has signs of waiting for opportunities to enter the market, the MACD indicator is in the long zone and slowly moving down, and the RSI indicator is hovering weakly above the 50 balance line;
Long-short turning point: 1.06385
Suppression: 1.06676, 1.06967
Support: 1.05962, 1.05679
Trading strategy: bearish below 1.06385, target 1.05962, 1.05679
Alternative strategy: Bullish above 1.06385, target 1.06676, 1.06967
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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