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Europe and the United States: weak consolidation and upward movement
2022-07-19
1218
Fundamental analysis:
EURUSD remained volatile around 1.01404, and the European Central Bank will announce details of its new anti fragmentation policy tool. If market participants are disappointed with the new instruments, the weakness of the euro is expected to intensify in the short term.
EURUSD - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the dynamic consolidation of low position bulls moves up slowly, the short-term bulls begin to rise gradually, the MACD index low position bulls maintain the consolidation and move up to hover above the 0 axis, and the RSI index is at 50 balanced online side consolidation,;
Multi empty turning point: 1.01232
Pressing position: 1.01852, 1.02352
Support position: 1.00803, 1.00331
Trading strategy: bullish above 1.01232, target 1.01852, 1.02352
Alternative strategies: bearish below 1.01232, targets 1.00803, 1.00331
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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