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Europe and the United States: low level giant earthquake recovery

2022-07-01
1286
Fundamental analysis:

EURUSD remained volatile around 1.04823, and the market confidence of the five major economies in the euro zone declined, especially the Netherlands. The data prompted EURUSD to fall below 1.05 in the overnight foreign exchange market.


EURUSD - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the bearish power continues to fluctuate and fall near the downtrack of the Bollinger belt index, the low-level short-term bull power rapidly pulls up and moves up, the Bollinger belt index begins to close after it shows an opening trend, the MACD index remains in the short area and moves up, and the RSI index continues to fluctuate and move up in the short area, which is about to reach the node near the 50 equilibrium line;


Multi empty turning point: 1.04657


Pressing position: 1.05071, 1.05354


Support position: 1.04397, 1.04090


Trading strategy: bullish above 1.04657, target 1.05071, 1.05354


Alternative strategy: bearish below 1.04657, target 1.04397, 1.04090

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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