On Tuesday, the euro was flat at 1.0904 against the US dollar.On Tuesday, the US Department of Commerce stated that US retail sales increased by 0.7%month -on -month, indicating that although the Federal Reserve Council has maintained toughness to suppress inflation, the demand has remained tough.Data also stabilize the US dollar at the recent level.On the day of the euro, the August ZEW economic prosperity index was -5.5, and the previous value was -12.2.The data has improved, but the support effect of the euro is not great.Instead, because of the recent heating up in European energy, the decline in pressure euro has declined.At present, regardless of 4 hours or daily charts, the euro is under the short -term moving average. The exchange rate continues to slide down the lower track of the Bollinger channel. The technical indicators have not now turned to signals. The risk of the euro against the US dollar is still high.Continue to pay close attention to the support of the recent strong support level of 1.0900. If the water level is effectively penetrated, the downlink space will be further expanded.
On Tuesday, the pound rose 0.16%against the US dollar to $ 1.2705. Previous data showed that in the three months of June, the British salary, which does not include bonuses, increased by 7.8%from the same period last year.There is a maximum annual increase since it is comparable.However, the UK's unemployment rate unexpectedly rose from 4.0%to 4.2%, but the currency market trader is still expected to raise interest rates at least 25 basis points next month because they are worried that high salary will have a second round of inflation.Supported by employment data, the British/USD slightly held the pace of continuous decline in the near future.If the inflation data on Wednesday shows a mild inflation status, the expectations of interest rate hikes will be greatly reduced, then the only factor that can support the pound will become lost, and the pound may face the risk of continuing downward.Only from the daily chart, the recent signs of the British/US dollar have signs of rectification in the narrow range, and the shock interval is concentrated between 1.2600-1.2850.The level of strong support below is 1.2600. If it falls, it will fall in depth.Only back to 1.2850 above, Fang is expected to reverse the recent slump.
