The European High Court revoked the European Commission's penalty of nearly 1billion euros against Qualcomm

Fundamental analysis:

The euro remained volatile around 1.04367 against the US dollar. The European High Court revoked the nearly 1billion Euro antitrust fine issued by the European Commission against the US chip manufacturer Qualcomm in 2018.

EURUSD - 4-hour K-line chart display:

Technical comments: the short power continued to fluctuate and fall near the downtrack of the Bollinger belt index, and the low level maintained wide consolidation and translation for a short time. During this period, the middle and lower rail interval nodes were spied back and forth for many times. The Bollinger belt index continued to show a closing trend, the MACD index was in the short area, and the low level maintained a weak trend and moved up slowly, and the RSI index was in the short area;

Multi empty turning point: 1.04546

Pressing position: 1.04862, 1.05211

Support position: 1.04002, 1.03661

Trading strategy: bearish below 1.04546, target 1.04002, 1.03661

Alternative strategy: bullish above 1.04546, target 1.04862, 1.05211

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