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EURUSD: There is still room for rebound in the short term

2022-08-02
1342
Fundamental analysis:

The euro closed up 0.31%against the US dollar to 1.0258. However, the slowdown in economic growth in the euro zone and the natural gas crisis are still the potential threat of the euro.

Euro against the US dollar EURUSD daily chart


Technical analysis:

Looking at the daily map: The short -term exchange rate has gradually risen slightly. MACD is in the short area but the volume can continue to shrink slightly. The RSI continues to rise slightly. It is expected that the short -term exchange rate will continue to rebound.

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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