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The European Central Bank kept the three key interest rates unchanged

2022-06-10
1010
Fundamental analysis:

EURUSD remained volatile around 1.06165, and the European Central Bank kept the three key interest rates unchanged, in line with market expectations. The annual inflation rate in 2022 is 6.8%, decreasing to 3.5% in 2023 and 2.1% in 2024. Compared with the forecast in March, the forecasts for 2022 and 2023 have been significantly reduced, while the forecast for 2024 has been increased.


EURUSD - 4-hour K-line chart display:




Technical comments: it has been kept in a wide range in the Bollinger belt index channel for a long time, and the short-term short-term momentum has fallen rapidly. It has fallen below the Bollinger belt index to the next node near 1.06088 for consolidation. The Bollinger belt index continues to open its mouth, the MACD index is under the 0 axis for consolidation, and the RSI index is under the 50 equilibrium line for shock and downward movement;


Multi empty turning point: 1.06275


Pressing position: 1.06556, 1.06828


Support position: 1.05883, 1.05628


Trading strategy: bearish below 1.06275, target 1.05883, 1.05628


Alternative strategy: bullish above 1.06275, target 1.06556, 1.06828


The above analysis is a personal point of view and is for reference only.

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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