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Europe and the United States: bears down again
2022-07-21
1232
Fundamental analysis:
EURUSD remained volatile around 1.01727, and European central bank policymakers may consider raising interest rates by 50 basis points at the policy meeting on Thursday, higher than the 25 basis points they implied in June. Euro investors were relieved by the prospect that the pace of tightening was faster than expected.
EURUSD - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the low long power maintained a shock rise, the high power retreated in the short term when it was blocked, the short power waited for the opportunity to enter and move down, the MACD index was in the long area to maintain the consolidation and translation, and the RSI index was in the long area retreating to the 50 equilibrium line;
Turning point of long and short: 1.01966
Pressing position: 1.02338, 1.02648
Support position: 1.01376, 1.01024
Trading strategy: bearish below 1.01966, targets 1.01376, 1.01024
Alternative strategy: bullish above 1.01966, target 1.02338, 1.02648
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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