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The European Central Bank may raise interest rates aggressively, and the euro continued to rise against the US dollar
2022-05-25
1152
Fundamental analysis:
European Central Bank President Lagarde said that eurozone interest rates could reach positive at the end of the third quarter, which gave a boost to the euro. Lagarde's remarks suggested that the European Central Bank would raise its deposit rate by at least 50 basis points and triggered speculation that the central bank would raise interest rates further this summer
EURUSD # daily chart:
Technical analysis: the daily moving average began to turn around, and the exchange rate continued to rise. MACD operated below the 0 axis, but the volume continued to shrink under the 0 axis, and RSI continued to strengthen. It is expected that the short-term exchange rate will rise further.
Long short turning point: 1.0800
Pressing position: 1.0960 to 1.1140
Support position: 1.0630 1.0460
Trading strategy: bearish below 1.0800, target 1.0630, 1.0460
Alternative strategy: bullish above 1.0800, target 1.0960, 1.1140
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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