| Early trading on Wednesday in Asia, Euro/The US dollar exchange rate still faces challenges 1.0800 The selling pressure below the psychological barrier.Due to continued weak demand in the Eurozone, an optimistic Eurozone11monthPMIThe data failed to boost the euro. Technical aspect: euro/USD in100Daily moving average1.0775Find support at.The above line is being challenged, and a daily closing price far below it will indicate further weakness.The price is already below 20 Rihe 200 Daily moving average.The technical indicators on the daily chart continue to lean downwards.lower than1.0770The next key support is located at1.0690(Upward trend line,55Daily moving average). 4In the hourly chart, the currency is bearish on its trend.The technical indicators are at an oversold level, indicating that there will be some consolidation before a possible decline.The strong negative momentum in the short term may lead to1.0850Persistent presence below.In order to reverse negative bearish biases, the euro must rise and remain stable at 1.0915 above. Fundamentals: euro/The US dollar has fallen again and has since1.1000Continuing adjustment above, in the20Daily Simple Moving Average（SMA）Bottom consolidation.This move was driven by the strengthening of the US dollar. Despite mixed US data and low treasury bond bond yields, the US dollar still rose. European Central Bank(ECB)Isabel Schnabel(Isabel Schnabel)On Wednesday, it was stated that the rate of inflation decline was faster than expected, indicating that it is unlikely to raise interest rates again.Market participants also agree with this view, and it is currently expected that the March meeting will lower interest rates. |
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