EUR/USD yesterday ECB President Christine Lagarde decided to raise interest rates by 50 basis points in July. The hawkish remarks stimulated the European economy, which led to the EUR/USD hit 1.06907 yesterday.
Returning to the double-line MA on the D1 chart has formed a golden cross, which has the potential to push it higher. A falling wedge also appeared on the D1 chart and the channel was also successfully broken yesterday for further bullishness. In terms of indicators, the MACD indicator has gradually seen that the short trading volume has begun to fade, and the long trading volume is emerging.
The price on the H1 chart is currently consolidating. But now the ADX indicator +DI is trying to break through -DI. In addition, RSI has now retraced to a relatively safe position, which is conducive to pushing prices up.
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.