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Europe and the United States: weak shock downward
2022-07-05
1317
Fundamental analysis:
EURUSD remained volatile around 1.04245, and the European Central Bank will emphasize the need for "coordination" of cryptocurrency rules at the supervisory committee meeting. As there is currently no pan European Framework for cryptocurrency regulation, the European Central Bank is concerned about the examination and approval of banks' cryptocurrency license applications.
EURUSD - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the bearish power continues to fluctuate and descend in the middle and lower track of the Bollinger belt index channel, the Bollinger belt index continues to close, the amplitude space gradually narrows, the MACD index is at the lower side of the 0 axis, and the RSI index is at the lower side of the 50 equilibrium line;
Long short turning point: 1.04440
Pressing position: 1.04730, 1.05013
Support position: 1.03972, 1.03708
Trading strategy: bearish below 1.04440, target 1.03972, 1.03708
Alternative strategies: bullish above 1.04440, targets 1.04730, 1.05013
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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