Market news:
Fed Harker: Amid uncertainty, the Fed may still cut interest rates later this year. Musallem: There is a 50% chance that the trade war will lead to a sustained inflation outbreak. Tariffs may push up inflation within one or two quarters. The ECB cut three key interest rates by 25 basis points. Lagarde hinted that the rate cut cycle will end, and the market is no longer fully pricing in another 25 basis point rate cut this year.
Technical analysis:
Today's buying and selling boundaries:
1.3538
Support and resistance levels:
1.3615
1.3586
1.3568
1.3509
1.3491
1.3462
Trading strategy:
If the price breaks through 1.3538, consider buying in, with the first target price of 1.3568
If the price breaks through 1.3509, consider selling in, with the first target price of 1.3491
Fed Harker: Amid uncertainty, the Fed may still cut interest rates later this year. Musallem: There is a 50% chance that the trade war will lead to a sustained inflation outbreak. Tariffs may push up inflation within one or two quarters. The ECB cut three key interest rates by 25 basis points. Lagarde hinted that the rate cut cycle will end, and the market is no longer fully pricing in another 25 basis point rate cut this year.
Technical analysis:
Today's buying and selling boundaries:
1.3538
Support and resistance levels:
1.3615
1.3586
1.3568
1.3509
1.3491
1.3462
Trading strategy:
If the price breaks through 1.3538, consider buying in, with the first target price of 1.3568
If the price breaks through 1.3509, consider selling in, with the first target price of 1.3491
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.