Today's impressive PMI data released by the Chinese government has led to a significant influx of funds into the renminbi in the international market, causing the US dollar index to suddenly fall. This is clearly a short-term impact and will not fundamentally change the overall situation. Therefore, after the abnormal market volatility dissipates, the market will return to its original rhythm.
As for the operation of the US dollar index, the short-term level is still judged as looking for opportunities to buy on dips. Correspondingly, for the EUR/USD currency pair, it is recommended to short at the high point and combined with
market analysis, the following suggestion is given:
Short position recommended in the range of 1.0640-1.0660, with targets at 1.0620, 1.0600 and 1.0580.
EURUSD
DXY
AUDUSD
USDJPY
Trade active
Trade active
Trade closed: target reached
Trade closed: target reached:
The second take-profit level has been reached, pay attention to profit taking, or wait for the third take-profit level
Trade closed: target reached
Trade closed: target reached:
EUR/USD: 3 take-profit levels have been reached, pay attention to profit-taking
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
