EURUSD incoming bullish movement
According to reports, on May 25, local time, the European Central Bank Management Committee, Bank of France President François Villeroy de Gallo, said in a speech that the European Central Bank will continue to maintain loose monetary policy. It means that Europe predicts that it will continue to maintain low interest rates to achieve the effect of stimulating the economy, and the euro may fall.
The latest U.S. data shows that the U.S. inflation rate increased by 2.6% to 4.2%, far exceeding the April non-farm payroll released on May 7. It demonstrates that the number of non-farm payroll employment only increased by 266,000 in April. , An increase of 978,000 people is much lower than the expectations; the unemployment rate rose to 6.1%. It is expected to be 5.8%, the previous rate of 6%; the job market is still not optimistic, the release of US non-farm payroll data has made a breakthrough in European and American currency pairs
The overall European and American currency pairs are showing an upward trend. The upward trend has gradually taken shape since March 31. The performance of the lower support effect has been stable. They touched the support level on May 6 and May 13 respectively and immediately stepped back. After repeated stepping back, it has risen steadily. It is expected that the support resonance zone will usher on May 28, and the support resonance zone indicates strong support.
Personal suggestion
There are two outcomes: 1. The weakness of the US dollar will remain. The euro, as the main currency, currently maintains the strongest power, or rises to near the upper track of the channel. If the European Economic Area data continues to be slightly higher than expected Will re-initiate the strong rise of the euro, and continue to see new highs after breaking through the upper track
2. If the euro rises near the upper rail, the bulls are not determined enough, it is expected to fall to near the lower rail of the channel to stabilize and restart the rally.
Generally speaking, it is optimistic that the euro will remain strong in the future. It is expected that it will touch the support resonance point on May 28. When the price of the European and American currency pairs reaches 1:1.2180, it is recommended to buy. The stop loss level is 1.2100, and the take profit level is recommended to be set at 1.2266.
Gmail: meng1208049834gmail.com
The latest U.S. data shows that the U.S. inflation rate increased by 2.6% to 4.2%, far exceeding the April non-farm payroll released on May 7. It demonstrates that the number of non-farm payroll employment only increased by 266,000 in April. , An increase of 978,000 people is much lower than the expectations; the unemployment rate rose to 6.1%. It is expected to be 5.8%, the previous rate of 6%; the job market is still not optimistic, the release of US non-farm payroll data has made a breakthrough in European and American currency pairs
The overall European and American currency pairs are showing an upward trend. The upward trend has gradually taken shape since March 31. The performance of the lower support effect has been stable. They touched the support level on May 6 and May 13 respectively and immediately stepped back. After repeated stepping back, it has risen steadily. It is expected that the support resonance zone will usher on May 28, and the support resonance zone indicates strong support.
Personal suggestion
There are two outcomes: 1. The weakness of the US dollar will remain. The euro, as the main currency, currently maintains the strongest power, or rises to near the upper track of the channel. If the European Economic Area data continues to be slightly higher than expected Will re-initiate the strong rise of the euro, and continue to see new highs after breaking through the upper track
2. If the euro rises near the upper rail, the bulls are not determined enough, it is expected to fall to near the lower rail of the channel to stabilize and restart the rally.
Generally speaking, it is optimistic that the euro will remain strong in the future. It is expected that it will touch the support resonance point on May 28. When the price of the European and American currency pairs reaches 1:1.2180, it is recommended to buy. The stop loss level is 1.2100, and the take profit level is recommended to be set at 1.2266.
Gmail: meng1208049834gmail.com
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