jherryPowell

EUR/USD bearish profit

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jherryPowell تم تحديثه   
FX:EURUSD   يورو / دولار أمريكى
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.

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