EURUSD Analysis

The euro against the US dollar: before the rise of 1.1790, facing the risk of callback;

1)From the daily chart, the exchange rate for three consecutive trading days under pressure near the Bollinger online track, failed to effectively break, the current resistance is around 1.1778 And there is a strong resistance around the high point of 1.1790 on July 9th. The overnight exchange rate is recorded as a long shadow line cross star, suggesting that the top selling pressure is strong, KDJ has signs of re-establishing a dead fork, MACD is gold The fork is strong, but the upside momentum is not very strong. The short-term exchange rate is facing a strong risk of callback.

1. The initial support is near the overnight low and the high of 1.1721 on September 14. If the position is lost, the short-term peak signal will be added. The exchange rate may further test the low point near the 1.1648 mid-rail of the Bollinger Band. The low-point and short-term uptrend line support on September 19 is also near the position, suggesting that the position is strong nearby;
2. above the resistance near 1.1790, if the accident closes Above the position, the short-term peak signal is weakened; further strong resistance is near the June 14 high of 1.1850.