[Friday morning mainstream market analysis]
The first night after the rate cut, the previous preparations led to the current three consecutive positive lines on the daily line, which was released very healthily with little retracement on the way. In addition, the rate cut last night successfully pushed the bulls, and the bottom of 59100 went all the way up to break through 63000. It can only be said that this round of rebound is very in place, and those who should die have all been crushed, and those who should earn have also earned a lot. So how should we layout tonight after landing? Let me tell you in detail!
From the overall structure of the day, the price of the currency has been fluctuating and consolidating at a high level of 63, and the real body of the positive line is relatively full. This relatively strong pullback has to be observed for the sustainability of the release of bullish energy! We often say that the longer the consolidation, the greater the strength of the subsequent market, and the bottom space will begin to be released, so we see that the European session is still testing 63 upwards. Therefore, the idea of the early morning is that the hourly line pullback has no continuation, and the upper consolidation is still maintained in the evening. Pay attention to the starting point of yesterday's intraday pullback 61, and the upper resistance is around 63-64.
The big positive rally in the early morning was not continued during the day, so we adjusted and arranged a short position before the early morning. Based on the continuous upward movement during the day, considering that most of the market chips are upward, we went the other way and continued to look down! !
Operation suggestion
Short around 64-63
Target 62-61
Break 60
