The euro against the US dollar has experienced two consecutive trading days before

View All · Published on 2017-2-24 17:25:09

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Huitong Network2month24Daily News - Friday（2month24After experiencing two consecutive trading days of gains, the euro against the US dollar continues its strong trend today and is currently trading at a high level in nearly three trading days1.06Near the checkpoint.

The latest minutes of the Federal Reserve meeting did not reveal any further signals about future interest rate hikes, and the US tax reform policy has not made substantial progress in the future. Under this influence, the US dollar index has fluctuated and weakened, and the euro has temporarily taken a breather.

Another news that boosted the euro is that Bundesbank Governor Weidman(Jens Weidmann)He stated that he does not support the recent stimulus policies of the European Central Bank, and he believes that monetary policy regulation should not exceed the necessary level. However, Huitong believes that the euro still faces political risks in Europe and Greek debt issues in the future, and whether the rebound trend can continue remains to be seen Consider.

From the perspective of economic data, this week the EurozonePMIThe data exceeded expectations, indicating that the economic momentum of the eurozone accelerated in the first quarter, but the euro suffered from selling. Huitong Network quoted ANZ Bank as saying that the market is currently waiting for more details on US fiscal policy, and market sentiment remains dominant. It is expected that the euro will gradually depreciate in the coming months.

Technically, the euro has broken through against the US dollar5Daily moving average, upper resistance level attention1.0595（10If the daily moving average breaks above this resistance level, it may further rise to1.0634（50Daily moving average and1.0650（100Near the daily moving average. On the other hand, pay attention to the support level below1.0520（1month6Daily low point),1.0500Psychological level and1.0478（1month5Near the daily low point.
Federal Reservehttp://news.fx678.com/news/keywords/fed.shtml