The currency market fluctuates in the short term and may hit a bottom in the mid-term

The short-term market is expected to remain volatile and it will be difficult to break through the high of $59,200 in one fell swoop, but there is a higher probability of a retracement to the $58,400 to $58,000 range (it hit $57,600 yesterday). During the shock, the downward support may be around the Fibonacci level 1 of US$55,700 (approximately US$56,000-58,000 range), leaving room for error of US$100 within the fluctuation range.

The medium-term outlook is biased to the downside. The support of US$56,000 may be tested. The market may fall below and then recover. Further declines are also possible. Before there is a significant volume signal, the signal of a sharp decline is not clear. The release of CPI and PPI data on Thursday and Friday this week may cause violent fluctuations, and the results are unpredictable. It is recommended to reduce leverage before the data and operate in a prudent manner. When the data is released, grasp the mid-term trend, conduct in-depth analysis based on quantitative analysis, and make a steady layout. Follow me, live broadcast every day, one-on-one guidance, novices can also master the password of wealth, come to me to read my profile or pinned articles

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