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2023.6.7 Daily European Perspective EURUSD is weaker & weaker!2023.6.7 Daily European Perspective EURUSD is weaker & weaker ! Hello, I'm Older Duan. Today is Wednesday, June 7 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index continues to be under pressure today, with a weak consolidation trend! Now, let's look at gold. Now you can see the daily chart of gold. The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square! As shown in the figure, both yesterday and today's highs of gold were suppressed by the daily level of 21MA (1964.56 US dollars)! So, for the rest of today, just use this position as an important point during the day! Above this point, bulls dominate; Below this point, bears dominate! Let's take a look at American crude oil. What you are now seeing is 4-hour level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination! As shown in the figure, US crude oil is showing a bearish and weak state today! So, for the rest of today, we will continue to operate at the daily level of 21MA ($71.65) as an important intraday point! Above this point, bulls dominate; Below this point, bears dominate! Let's look at EURUSD. What you can see now is the daily chart of EURUSD. The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square! As shown in the figure, European and American currencies are showing a significantly weaker trend against today! So for the continuation period today, just use today's opening price (1.06979) as an important point for the day! Above this position, bulls dominate; Under this position, bears dominate! Finally, let's take a look at GBPUSD. Now you can see the daily chart of GBPUSD. The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square! As shown in the figure, the pound US currency tested the key position of daily level 55MA (1.24648) against the US dollar yesterday, and today it is clearly weak! So for the continuation period today, just use the daily line 21MA (1.24261) as an important point for operation during the day! Above this point, bulls dominate; Below this point, bears dominate! Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period! Special reminder, Today is Wednesday, and tonight there are two important data quotes at the four star level! Please pay attention to the risks! Im Older Duan. Wish you happy win . Goodbye!
by Think_More