Market analysis

In the technical structure, the strength of the continuous negative rebound in the hourly chart is quite meaningful to regain the previous ground. The focus can be on the area near the upper pressure level of 37500, which has been stopped for a long time. If it can break the level and form a continuation, it is expected to once again impact the previous failure to break. The high was 38,500. If it cannot break through, but returns to the lower support of 36500, the currency price will fall again.

In terms of the general trend, the bullish pattern has not changed, and the short-term trend is still dominated by low longs.