hannesgao

hannesgao Updated 

The E/U daily level downside channel is still intact. The E/U briefly fell below the 1.0000 handle in the US market on July 14, reaching a low of 0.9950, before starting a short rally, now at 1.0015, back above parity. Next week's focus will be on the ECB interest rate resolution on the 21st and whether the Nord Stream 1 gas pipeline resumes gas supply and the...

hannesgao

FX:EURUSD The ex ante risk appetite caused by the ECB speech and the monthly rate led to a further short retreat, which resulted in the EURUSD exchange rate surging straight above 1.1100 and reaching a high of 1.1120 before quickly falling back below 1.1100 prior to the ECB speech. Short position at 1.1118 was triggered and the target TP at 1.1060 was triggered...

hannesgao Updated 

In the foreign exchange market on March 9, the euro rose rapidly against the dollar during the day. There are reports that the EU is considering issuing joint bonds to raise funds to strengthen the energy and defense sectors to support the economic impact of the Russian-Ukrainian conflict. In addition, as the ECB decision meeting on Thursday will appear, the...

hannesgao

FX:EURUSD 1. On M1 chart, as it indicates, maybe the monthly bottom is 1.0805. 2. On H1/H2 chart we could see a beautiful double bottom at 1.0900 and 1.0920 level. The supports there are strong enough and not broken, then it goes backwards to 1.0958 and 1.0960 level. 3. Daily target: the 4th target on H1 chart: 1.1000

hannesgao Updated 

FX:EURUSD The instability of the financial system is almost as troubling as the downturn in the overall market. We found safe-haven demand in the volatile dollar. The dollar index rose slightly to multi-month highs, which in turn caused the euro to fall below 1.1100 against the dollar. There will be some important technical issues involved in this decline in...

hannesgao Updated 

FX:EURUSD Long Position: 1.10894 Long Target: 1.11200 Expected Target Cycle: 4H Real Target Cycle: N.A.

hannesgao

FX:EURUSD The instability of the financial system is almost as troubling as the downturn in the overall market. We found safe-haven demand in the volatile dollar. The dollar index rose slightly to multi-month highs, which in turn caused the euro to fall below 1.1100 against the dollar. There will be some important technical issues involved in this decline in...