Ultima MarketsMarket analysis: The decline of the euro is beginning to show Yesterday's sterling market or...

Today's Focus on Varieties--EUR/USD。

Fundamentally,Yesterday's Eurozone announcement6monthCPIThe final value of the annual rate is recorded without any change from the initial value5.5%. Although we have continued to innovate 2022year1Since the beginning of the month, it has reached a new low, but due to the low impact of the final value, the euro has not fluctuated much against the US dollar. However, there are no important data releases from the US in the next two days, and the market is nervously waiting for the results of next week's Federal Reserve interest rate meeting. The short-term fundamentals have no major impact on the market, and exchange rate prices may weaken and fall after thoroughly pricing and digesting the expectation of a reduction in the Federal Reserve's interest rate hike.

Technically,The daily cycle of the euro against the US dollar is currently uncertain, and the short-term direction cannot be clearly defined at the moment.

(EUR USD daily cycle, sourceUltima Markets MT4）

After the formation of a cross star in the previous day's market on the daily cycle, a small physical negative was received yesterdayKBut due to5The daily moving average still supports further decline in the market, and it did not fall below yesterday7month13The low point of the day. However, it is worth noting that the random volatility indicator has now clearly identified the dead cross short signal, and short-term weakness or volatility is a highly probable event.

(EUR/USD)1Hourly cycle, sourceUltima Markets MT4）

1On the hourly cycle, the market trend is basically the same as yesterday's GBP Asian session. The euro formed a top form against the US dollar, falling below the neckline, whileATRThe combination indicators suggest that yesterday's break was effective, and we need to wait for further decline after the Asian stock market returns to the neckline today.

(EUR/USD)15Minute cycle, sourceUltima Markets MT4）

If it is expected to be short within the day, it is possible to switch to smaller cycles15Minutes. The current market is stepping back65The cyclical moving average, which also coincides with the neckline position, is waiting for a dead cross signal in the random oscillation indicator to indicate whether the market can start a downward trend.

(EUR/USD)1Hourly cycle chart, sourceUltima Markets MT4）

according toUltima Markets MT4InpivotIndicator, daily central price level1.12053，

1.12053Upward bullish, first goal1.12368Second objective1.12714

1.12053Under bearish, first target1.11700Second objective1.11381

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