The advice given to everyone before is bearish, and they are currently in a profitable state.
Recently, the European Central Bank continued to raise interest rates by 25 basis points, in line with expectations; in terms of shrinking the balance sheet, it continued to reduce the asset purchase program (APP) at a monthly scale of 15 billion euros until the end of June; from July 2023, the APP maturity principal will be stopped for reinvestment; on the technical side, EUR/USD tends to be bearish in the short term.
On the 4-hour chart, the high of EUR/USD in the early stage of the test was blocked and fell back. After the European Central Bank's interest rate decision, it turned to a decline. The technical pattern may have reached the top, and the short-term tendency is bearish. The first bearish target is 1.0942, then 1.0874, which is the low of March 15th/the high of April 26th. The 38.2% Fibonacci retracement level.
MACD shows signs of forming a dead fork.
For specific points, it is recommended that you can enter the channel below to get them.
Recently, the European Central Bank continued to raise interest rates by 25 basis points, in line with expectations; in terms of shrinking the balance sheet, it continued to reduce the asset purchase program (APP) at a monthly scale of 15 billion euros until the end of June; from July 2023, the APP maturity principal will be stopped for reinvestment; on the technical side, EUR/USD tends to be bearish in the short term.
On the 4-hour chart, the high of EUR/USD in the early stage of the test was blocked and fell back. After the European Central Bank's interest rate decision, it turned to a decline. The technical pattern may have reached the top, and the short-term tendency is bearish. The first bearish target is 1.0942, then 1.0874, which is the low of March 15th/the high of April 26th. The 38.2% Fibonacci retracement level.
MACD shows signs of forming a dead fork.
For specific points, it is recommended that you can enter the channel below to get them.
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