Analysis of the Latest Signals

The market expects the Federal Reserve to keep interest rates unchanged in May, and there is uncertainty about the future path of rate cuts. In contrast, the European Central Bank's monetary policy is gradually tightening, leading the market to expect that the euro has room for appreciation in the future. This difference in monetary policy expectations has driven the rise in the euro - dollar exchange rate. Technically, it is necessary to pay attention to the resistance level of the euro - dollar exchange rate near 1.16 and the support level near 1.12. If the 1.16 resistance level can be broken through, the euro - dollar exchange rate is likely to continue to rise. Conversely, if it falls back due to resistance, the effectiveness of the 1.12 support level needs to be observed.
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