Currency: EUR / USD

Resistance level 2:1.0540

Resistance level 1:1.0500

Spot price: 1.0439

Support bit 1:1.0400

Support bit 2:1.0350

Last Friday, the initial year-on-year inflation rate of the consumer price index in the euro zone in June released by the European Statistical Office reached 8.6%, a new high since the statistics began in 1997, and even equaled the year-on-year growth rate of inflation in the United States. The high inflation rate makes people in many European countries complain incessantly, and the market is increasingly impatient with the slow response of the European Central Bank.

The pressure of the eurozone central bank to raise interest rates should increase next, but thMT4白标e economic recession caused by the conflict in Eastern Europe and the energy crisis may force the European Central Bank to become more cautious about raising interest rates. Some analysts believe that if the European Central Bank insists on raising interest rates by only 25 basis points at its meeting in July, the euro is expected to face downward pressure.

At present, the euro against the US dollar is still struggling around the 1.04 level, the exchange rate on the daily chart is still below the short-term average, the technical indicators remain in the negative region, and have a weak posture recently. If it falls below the low of 1.0350 in May, the risk of moving towards parity will increase.

Upward, it needs to cross above 1.06, which is expected to reverse the decline. Before the interest rate meeting held bMT4白标y the central banks of the United States and Europe this month, the euro against the dollar is temporarily expected to fall into a narrow range of fluctuations, with the focus range mainly between 1.0360-1.0540.

Currency: GBP / USD

Resistance level 2:1.2240

Resistance level 1:1.2180

Spot price: 1.2104

Support bit 1:1.2060

Support bit 2:1.2000

Last Friday, the pound fell endlessly against the dollar, plunging nearly 190 points during the day, down 1.5%, falling below the 1.20 level to 1.1934, breaking the new low since June 15. Data released by the British National Bureau of statistics on Thursday showed that the current account deficit in the UK widened sharply to 51.7 billion pounds in the first quarter, equivalent to 8.3% of GDP, setting a record for the same period in history.

In the first quarter of 2022, houMT4白标sehold income in the UK fell for the fourth consecutive quarter, the longest decline since records began in 1955, due to the deterioration of the cost of living crisis. The cost of living crisis in Britain is prompting the Bank of England to take a more cautious position, and the pace of interest rate hike by the Federal Reserve has accelerated. Although the Bank of England started the pace of interest rate hike as early as last December, after the Federal Reserve's aggressive interest rate hike, the current policy interest rate of the Bank of England is 50 basis points lower than the Federal Reserve.

And at the Sintra Forum on Wednesday, Bank of England governor Andrew? Bailey's tone was also moderate, saying that the central bank did not necessarily have to take "strong" action to control inflation. Once this sMT4白标tatement was made, the expectation of a larger interest rate hike was eased. In terms of daily structure, after testing 1.193, the pound quickly walked out of a period of uplift. However, after half a month of testing, it has not continued this long, and finally retreated to the lower part of 1.220, and is in a continuous downward rhythm. Next, pay attention to the support of 1.200-1.193. If it falls further, the pound will inevitably have a deep correction in the short term.

Currency: USD / JPY

Resistance level 2:136.30

Resistance level 1:135.65

Spot price: 134.92

Support bit 1:134.80

Support bit 2:134.20

On Friday, the United States and Japan continued to experience a volatile downward trend of profit taking from a high level, and continued to hit a new low in the day until the closing. The daily line closed atMT4白标 the upper and lower shadow lines and the lower shadow lines. On the whole, although the daily line maintained a long pattern, the rise eased, and there was a technical adjustment risk in the short term. From the four hour chart, brin's upper and lower tracks narrowed, and MACD operated near the zero axis. The top primary resistance was 136.15, the second resistance was 136.60, and the bottom support was 135.30134.80. If it falls below 134.80, the retreat target will be 134.20-133.50.