The trading strategy has been updated on the discussion channel
Updated
On Monday, the euro rose 0.5% against the dollar to1.1045, hitting a 10-day high o1.1050.Since hitting a 14-month high of1.10755 earlier this month, the euro has returned to above1.10 for the first time.It can be observed that it is difficult for the dollar to consolidate last week's gains in the near future, because the upcoming data may show a slowdown in US economic growth and a decline in inflation. These results will consolidate the reasons for suspending interest rate actions in the middle of the year.It is widely expected that Fed policymakers will raise interest rates by another 25 basis points at next week's meeting, but they are believed to suspend interest rate increases in June.Moreover, the interest rate futures market has also digested the possibility of cutting interest rates by about 50 basis points before the end of the year.
But before that, market participants will carefully study the US GDP and PCE price data for the first quarter, looking for signs of economic tension and evidence of sticky inflation, in order to understand the clues to the Fed's policy path.The European Central Bank will also meet next week and is expected to increase interest rates by 25 basis points, and it may also increase by 50 basis points.
On the daily chart, EURUSD continues to stand steadily above the short-term moving average, and technical indicators have begun to show signs of upward movement. If the pair further breaks through the annual high of 1.1076 on April 14, the upward trend will become obvious, and the forward goal will first be aimed at 1.12.The support level below has risen to near 1.09.
Resistance level 2 : 1.1150
Resistance level 1 :1.1076
Spot price : 1.1056
Support bit 1 : 1.0980
Support bit 2: 1.0910
The specific buying and selling points will be communicated on my free trading channel. Friends in need can click on the link below to find me. Welcome friends who want to make money
But before that, market participants will carefully study the US GDP and PCE price data for the first quarter, looking for signs of economic tension and evidence of sticky inflation, in order to understand the clues to the Fed's policy path.The European Central Bank will also meet next week and is expected to increase interest rates by 25 basis points, and it may also increase by 50 basis points.
On the daily chart, EURUSD continues to stand steadily above the short-term moving average, and technical indicators have begun to show signs of upward movement. If the pair further breaks through the annual high of 1.1076 on April 14, the upward trend will become obvious, and the forward goal will first be aimed at 1.12.The support level below has risen to near 1.09.
Resistance level 2 : 1.1150
Resistance level 1 :1.1076
Spot price : 1.1056
Support bit 1 : 1.0980
Support bit 2: 1.0910
The specific buying and selling points will be communicated on my free trading channel. Friends in need can click on the link below to find me. Welcome friends who want to make money
Note
Normal fluctuations, friends who need detailed suggestions can directly click on the link belowNote
As mentioned, during the rise, have you caught this wave of profits?Note
The resistance line still existsNote
If you don't break the middle track, you can continue to consider multiple orders.Trade active
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