EURUSD Triangle & Fib Strategie Prediction #20220310
Updated
In the foreign exchange market on March 9, the euro rose rapidly against the dollar during the day.
There are reports that the EU is considering issuing joint bonds to raise funds to strengthen the energy and defense sectors to support the economic impact of the Russian-Ukrainian conflict.
In addition, as the ECB decision meeting on Thursday will appear, the market is cautious about the meeting, but still have some monetary tightening expectations, so the euro is also getting a short-covering force to promote a small rebound.
The current 4-hour chart, the EURUSD exchange rate is far from the 20-day SMA above, a variety of technical indicators to overbought area divergence, showing that short covering transactions more positive, but the exchange rate was blocked overnight before the 1.11 mark, or must be cautious to put this round of rebound is only a technical correction, if the upper can not cross 1.11, be careful of the euro back to slip again.
There are reports that the EU is considering issuing joint bonds to raise funds to strengthen the energy and defense sectors to support the economic impact of the Russian-Ukrainian conflict.
In addition, as the ECB decision meeting on Thursday will appear, the market is cautious about the meeting, but still have some monetary tightening expectations, so the euro is also getting a short-covering force to promote a small rebound.
The current 4-hour chart, the EURUSD exchange rate is far from the 20-day SMA above, a variety of technical indicators to overbought area divergence, showing that short covering transactions more positive, but the exchange rate was blocked overnight before the 1.11 mark, or must be cautious to put this round of rebound is only a technical correction, if the upper can not cross 1.11, be careful of the euro back to slip again.
Note
All long positions TP at: 1.1092
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