[EUR] Fundamental Analysis prior to Technical Analysis

EUR/USD 4-hour chart, source:forexfactory.com

The price of major currency pair EUR/USD leveled off after rising. It seemed it would retreat making bullish dollar. But the price hikes again.

Why does it rise? U.S. President Donald Trump insisted that China and Germany have manipulated the exchange rate. And Fed froze U.S. benchmark rate, 0.5~0.75 percent. The wage and Consumer Price Index or CPI increases and U.S. economic daily Wall Street Journal analysed that global deflation seemed to finish.

Before analyzing, we need to watch economic situation and analyse the fundamental situation. The technical analysis doesn't tell President's statements, the decision of Fed board and so on.

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