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EURUSD: patient waiting to rebound
2022-07-11
1175
Fundamental analysis:
The euro against the US dollar has fallen sharply this week to a 20 -year low, and investors will continue to fall in betting on the euro against the US dollar. In the past few months, the European Central Bank hopes to curb inflation through interest rate hikes on the one hand, and on the other hand, they are worried that interest rate hikes will cause some southern European countries to increase debt pressure. The euro continues to be under pressure.
Euro against the US dollar daily chart
Technical analysis:
Looking at the daily chart: The exchange rate is signs of stopping decline after the disadvantage of the exchange rate. The MACD is in the short area and the capacity is capable. The RSI continues to be weak. It is expected that the short -term exchange rate will continue to fall down after rebounding.
Multi -time turning point: 1.0400
Suppression bit: 1.0600 1.0800
Support bit: 1.015 1.0000
Trading strategy: Below the drop below 1.0400, target 1.0150, 1.0000
Extracting strategy: 1.0400 to see the bullish, target 1.0600, 1.0800
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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