The euro against the New Zealand dollar today announced that New Zealand will raise interest rates by 50 basis points, and also said that the current economy is in line with market expectations. D1 chart EUR/USD has formed an ascending channel, and the current price has touched the bottom of the channel and cannot break through. The 200MA is also supporting the price, making it impossible for the price to break below it successfully. At present, it is possible to make further orders in the channel range.
The H1 chart is currently forming a golden cross between the two-line MA, which is conducive to bullishness. And the ADX indicator +DI has also broken through -DI can continue to be bullish.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
