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EURUSD: high volatility

2023-04-07
918
Fundamental analysis:

The euro remained volatile around 1.09197 against the U.S. dollar. Lian En, chief economist of the European Central Bank: Everyone needs to understand the differences between the euro zone, Swiss and U.S. banking systems. In the euro area, we are very focused on making sure that banks have high capital and liquidity ratios and that they are strictly supervised by the ECB. On Good Friday in the United States, CME's foreign exchange futures contracts ended trading at 00:15 on the 8th Beijing time.

EURUSD—4-hour K-line chart shows:



Brief technical analysis:

The 4-hour chart: the high level remains volatile in the short term, the market as a whole is at a high level and the upward trend encounters resistance and retreats, and it may maintain a high level in the short term.

Resistance levels: 1.09396 1.09631

Support levels: 1.08926 1.08693

Trading strategy: Bullish above 1.09147, target 1.09396 1.09631
Alternative strategy: bearish below 1.09147, target 1.08926 1.08693

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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