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.