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Europe and America: surging

2022-06-28
1306
Fundamental analysis:

EURUSD remained volatile around 1.05755, and the expectation that the European Central Bank would soon raise interest rates for the first time in more than a decade also boosted the euro.



EURUSD - 4-hour K-line chart display:




Technical analysis:


According to the 4-hour chart, the upper rail section of the Bollinger belt index channel continued to fluctuate and rise, and the short-term Bull Power showed signs of continuing to move upward. The Bollinger belt index showed a slow opening trend. The MACD index hovered above the 0 axis, and the RSI index was adjusted above the 50 equilibrium line;


Multi empty turning point: 1.05774


Pressing position: 1.06012, 1.06273


Support position: 1.05377, 1.05147


Trading strategy: bullish above 1.05774, target 1.06012, 1.06273



Alternative strategy: bearish below 1.05774, target 1.05377, 1.05147

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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