The annual growth rate of retail sales in the euro - zone in March was 1.5%. On the surface, it still maintained expansion. However, compared with the previous value of 1.9% and the market expectation of 1.6%, there was a slight slow - down trend. In terms of the monthly rate, the data was - 0.1%, which was a significant decline compared with the revised 0.2% in February. Although such performance did not trigger violent market fluctuations, it to some extent reflected the phenomenon of marginally weakened terminal consumption momentum in the region.
It is worth noting that the leaders of the major political parties in Germany failed to pass the parliamentary confirmation process smoothly. The market was once worried that political uncertainty would drag down the trend of the euro, and the exchange rate briefly dropped to 1.1310. However, judging from the market reaction, the euro showed relatively strong resilience and quickly recovered to the level of 1.1380, indicating that the market still holds a cautiously optimistic attitude towards the medium - term prospects.
Currently, the exchange rate is running above the middle band of the Bollinger Bands, and the overall structure remains within the oscillation range of 1.1260 - 1.1440. 1.1440 is a strong short - term resistance level. The failure of several consecutive upward attacks indicates that the selling pressure above is relatively heavy. 1.1260 is a key support level in the near term and is also in the area near the middle band of the Bollinger Bands. If it is broken, it may trigger a technical correction.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
It is worth noting that the leaders of the major political parties in Germany failed to pass the parliamentary confirmation process smoothly. The market was once worried that political uncertainty would drag down the trend of the euro, and the exchange rate briefly dropped to 1.1310. However, judging from the market reaction, the euro showed relatively strong resilience and quickly recovered to the level of 1.1380, indicating that the market still holds a cautiously optimistic attitude towards the medium - term prospects.
Currently, the exchange rate is running above the middle band of the Bollinger Bands, and the overall structure remains within the oscillation range of 1.1260 - 1.1440. 1.1440 is a strong short - term resistance level. The failure of several consecutive upward attacks indicates that the selling pressure above is relatively heavy. 1.1260 is a key support level in the near term and is also in the area near the middle band of the Bollinger Bands. If it is broken, it may trigger a technical correction.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
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You❗️CAN and ❗️SHOULD make money in trading!
t.me/+jqmDDXFtAyNhMjZk
"The Golden Key to Financial Freedom"
t.me/+jqmDDXFtAyNhMjZk
Join me, I'll guide you to PROFITABLE TRADING💵!
t.me/+jqmDDXFtAyNhMjZk
t.me/+jqmDDXFtAyNhMjZk
"The Golden Key to Financial Freedom"
t.me/+jqmDDXFtAyNhMjZk
Join me, I'll guide you to PROFITABLE TRADING💵!
t.me/+jqmDDXFtAyNhMjZk
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.