Core Viewpoint - The Euro has strengthened against the US Dollar, rising over 1.2% from its recent low, marking the third consecutive week of gains, with market attention focused on short-term trends and key resistance levels [1][3]. Technical Analysis - The Euro/USD exchange rate briefly broke through a short-term resistance level before experiencing a correction of approximately 0.6% over four days. Following the Federal Reserve's policy announcement, the rate rebounded nearly 1.5% from December's low and is currently testing the upper boundary of a price channel formed at the end of November [3][4]. - The exchange rate is approaching a critical overlap of two technical positions: the daily closing price level corresponding to the October high and the 61.8% Fibonacci retracement level from the annual high. This overlap is located between 1.1731 and 1.1747, with 1.1747 being a significant observation point. A daily closing price above this level would indicate potential resistance zones at 1.1794 to 1.1813 and 1.1866 [5][6]. - Key support levels are identified at 1.1679, which corresponds to the 100% extension of the previous upward movement, and the next support range of 1.1634 to 1.1641, which includes the November high closing price and the weekly opening price [5][6]. Upcoming Events - The market anticipates several important events next week, including the US non-farm payroll data for November and the European Central Bank's interest rate decision. These events are likely to influence market expectations and could lead to short-term fluctuations in the Euro/USD exchange rate [6].
STARTRADER:欧元兑美元连涨三周,关键阻力能否突破?
Sou Hu Cai Jing·2025-12-12 03:13