Euro Dollar Prices Remain Strong Overall.
Tuesday, March 25th, New York intraday, Euro The US dollar has risen sharply against the US dollar. It has broken through the 1.38 integer pass near the 1.3760 day low, and has risen to 1.3873 at the highest level. It is now trading near 1.3835. The euro's rise against the US dollar was mainly due to the poor economic data of the US, which increased traders' sentiment. Fed officials said they did not suggest that raising interest rates would also boost the euro. In addition, the 3 consecutive trading days down, making the adjustment of the pressure on the exchange rate increased, technically short back up market also boosted the rally. On the other hand, after the US dollar index fell below 80, the bearish sentiment of the US dollar also helped to push the euro higher.
Earlier, the PMI data released by the US side were not as good as expected and before. The data showed that the initial value of PMI in Markit manufacturing industry in March was 55.5, 56.5 and 57.1.
Fed Williams said Federal Reserve There was no hint of an earlier increase in interest rates and a boost to the euro. Williams said he thought the Federal Reserve started raising interest rates in the second half of 2015. The Fed did not hint at raising interest rates earlier. For a long time, the intention was vague. The US economy was only slightly improving, and interest rates would remain low in the future.
Analysts at Brown Brothers Harriman Ltd BBH said that although the euro fell to 1.3750 against the US dollar, its much more technical trend remained unchanged. If prices remained low, it would be seen in the 1.3680- 1.3700 region below. But for now, the new trading range appears to be 1.3750-1.4000. The euro has increased risk against the US dollar.
Investment bank Goldman Sachs said that from March to 2017, the euro will rise against the US dollar against the US dollar. It will rise to 1.38 level in March and rise to 1.40 in the next 6-12 months. Then it will drop sharply to 1.33 in 2015, and 2016 and 2017 will further target 1.27 and 1.20.
Technically, euro exchange. dollar In the daily chart, the overall price trend is still strong. Technical indicators MACD (12, 26, 9) main lines and signal lines are currently running above the zero axis, indicating that price trends are excessive. The relative strength index RSI (14) is located above the 50 equilibrium position, indicating that the price dynamics are excessive. Investors can pay close attention to the resistance near the 1.3900 integer pass, and watch the support near the 1.3760 day low.
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