After the Fed announced the latest meeting of the meeting this week, the euro (1.0871, 0.0003, 0.03%) also fell against the US dollar.The minutes of the meeting showed that most Federal Public Marketing Committee members supported interest rate hikes again, although they were still worried about excessive tightening policies.
Therefore, most analysts believe that the Fed may be patient in the next few months.Officials are worried that interest rate hikes may lead to a sharp decline in inflation, and long -term suspension may push up inflation.
After the recent announcement of European economic data, the euro exchange rate against the US dollar has also fallen.According to the EU Statistical Bureau, the Group's industrial production increased from 0.2% to 0.5% in June.Employment changes have also increased by 1.5%.As a result, the economy increased by 0.6%in the second quarter.
The technical analysis of the euro against the US dollar currency continued to rise with the US dollar index (103.4442, -0.0006, -0.00%), and the euro against the US dollar currency continued to fall in the evening.It fell below the support level 1.0912, the low point on August 3.It moved to 61.8% of Fibonacci retreat.
The currency fell below the 25th and 50th index moving average (EMA) and the Ichimoku cloud area.At the same time, the average direction index (ADX) fell to 11.
Therefore, the small resistance path is low, and the next support level is worth paying attention to 1.0800.From a good perspective, the next resistance is 1.0970.
