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The war affected people's livelihood in the euro zone, and the euro accelerated its downward trend against the US dollar
2022-06-14
1133
On the 13th local time, French President macron attended the European Defense Exhibition held in Paris and delivered a speech. He said that France and Europe have entered a wartime economic state. In the long run, Europeans need to adjust this so as to quickly reorganize necessary resources for European troops and allies.
EURUSD daily chart:
Technical analysis: the daily moving average is arranged in a short position, the exchange rate begins to accelerate downward, MACD runs below the 0 axis and the volume can start to increase, RSI tends to weaken, and it is expected that the short-term exchange rate will continue to decline.
Multi empty turning point: 1.0800
Pressing position: 1.0960 1.1140
Support position: 1.0630 1.0460
Trading strategy: bearish below 1.0800, target 1.0630, 1.0460, 1.0230
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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