EURUSD : The rebound continues with short selling

Fundamental analysis:

Russian Defense Ministry spokesman Konashenkov reported on the 13th that the Russian army continued to strike targets of the Ukrainian army in many places, and destroyed many Ukrainian army command posts, artillery units, as well as the active forces and military equipment of the Ukrainian army in one day. Tymoshenko, deputy director of the Ukrainian Presidential Office, said on the same day that Ukraine removed a total of 154,000 explosives in Kyiv Oblast and other places.

EURUSD  daily chart

A brief technical analysis:

The daily chart shows that the exchange rate has stopped falling and rebounded after a weak run for several days. The MACD is in the short area and the volume and energy are increasing. The RSI continues to be weak. It is expected that the short-term exchange rate will continue to decline after the rebound. 

Long and short turning point: 1.0400

Suppression bit: 1.0600 1.0800

Support: 1.015 1.0000

Trading strategy: bearish below 1.0400, target 1.0150, 1.0000

Alternative strategy: bullish above 1.0400, target 1.0600, 1.0800