euro : G7The weak US dollar was not mentioned, and the euro's upward trend is expected to continue △

Focus:
•The central bank tends to raise interest rates within the year
•G7The meeting did not mention the weakness of the US dollar

Investors remain cautious about the US dollar, especially as weak housing data raises concerns that the Federal Reserve will continue to cut interest rates to avoid a recession in the US economy.8The continuous selling pressure since the beginning of the month has led to a decline in the US dollar10At the beginning of the month Entering the oversold zone triggered a short-term correction rebound, bringing the US dollar back to a more neutral level. But this week's data shows that the annual rate of housing starts in the United States has dropped to14Annual low point, and Bank of America reports a sharp decline in quarterly profits32%, making the US dollar Continue to face new sell-offs. Mid week EUR/USD pushed up1.43Record high above the US dollar, with the US dollar index falling to1970The lowest point since the free floating of exchange rates in the early 1990s. Other markets have also shown the same trend For example, gold prices rise with the decline of the US dollar, indicating that investors are concerned that the record low US dollar may trigger inflationary effects. Euro in8Month and9After the moon rises,10Decline at the beginning of the month, but unable to break through1.40,To return to the discipline Record high points to lay the foundation. In fact, some European officials have already lamented the rise of the euro, but due to the seven major industrialized countries(G7)The meeting did not change the wording used in previous days regarding exchange rate volatility, so its impact on the trend of the euro is limited.

The euro hit its lowest point last week from Tuesday1.4142Up to Friday's highest1.4319, reaching a new historical high. At present, the euro has broken through due to its rise07year10month1Daily high1.4281Therefore, it is believed that the euro 1.4014The feedback is completed and the last rising wave unfolds. It is expected that the current rise of the euro will have a chance to rise1.44-1.45Horizontal. And this week, it shouldn't break through1.4550Horizontal. Wave Theory Division Analysis: The euro is still operating as a major player(V)Within the waves5Within the waves(5)Stretching within the waves(v)Stretching small waves. Euro in06year10month13Daily low1.2483Start running the large section(V)Within the waves Section5Waves. from1.2483to06year12month4Daily high1.3367For the large section(V)Within the waves5Within the waves(1)Stretching waves,1.3367to07year1month12Daily low 1.2864For the large section(V)Within the waves5Within the waves(2)Stretching waves,1.2864to4month27Daily high1.3681For the large section(V)Within the waves5Within the waves(3)stretch Waves,1.3681to6month13Daily low1.3262For the large section(V)Within the waves5Within the waves(4)Stretching within the waves(a)Waves, and1.3262to7month24Daily high1.3851 For the large section(V)Within the waves5Within the waves(4)Stretching within the waves(b)Waves,1.3851to8month16Daily low1.3359For the large section(V)Within the waves5Within the waves(4)Extend within the waves of(c)Waves, that is, the entire section(4)The stretching waves come to an end here. and1.3359Until now, it has been running the last rising wave, which is a large one(V)Within the waves5Within the waves(5)Extend the waves. from1.3359to 8month31Daily high1.3718For the large section(V)Within the waves5Within the waves(5)Stretching within the waves(i)Stretching small waves,1.3718to9month4Daily low1.3550For the large section(V) Within the waves5Within the waves(5)Stretching within the waves(ii)Stretching small waves,1.3550to10month1Daily high1.4281For the large section(V)Within the waves5Within the waves(5)Stretching within the waves (iii)Stretching small waves,1.4281to10month9Daily low1.4017For the large section(V)Within the waves5Within the waves(5)Stretching within the waves(iv)Stretching small waves.1.4017To present In the context of large-scale(V)Within the waves5Within the waves(5)Stretching within the waves(v)Stretching small waves. It is expected that this(v)Extending the small waves will have a chance to rise1.44-1.45Above level. In addition, it is not ruled out that Europe Yuan in10month9Daily low1.4017Namely, the number(v)Extend the small waves to the next level of extended wave operation.
The euro rose to the top of the Paulica channel on the weekly chart last week, and currently the top of the channel is1.4330Nearby, it may create some resistance against the euro. If we break through again, we expect to see more meaningful resistance that will reach us8Continuous high positions at the beginning of the month Resistance of upward trend line1.4450Horizontal, during which some integer checkpoints can be used as resistance references, i.e1.45and1.4550The level may put pressure on the euro. Below, you can see10Balance moving average support Support, currently in1.4185Horizontal; Below1.40The psychological barrier of position is expected to continue to be a key support level for the euro's trend after the previous week, and falling below it is expected to trigger a larger adjustment trend for the euro.

(Analysis provided by Zongheng Huihai Research Department | www.MW801.com )