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On March 15, in response to the illegal activities involving market supervision, such as "bleached chicken feet" and "height-increasing marketing tactics" exposed by CCTVs "3.15" Gala, the State Administration for Market Regulation quickly activated its emergency response mechanism and deployed enforcement actions. The results of the investigations will be released to the public in a timely manner.U.S. Interior Secretary Bergham: At an energy security forum in Tokyo, Asia-Pacific allies agreed to $56 billion in deals with U.S. companies. Japan wants to buy more oil from the U.S.On March 15th, according to the Chongqing Municipal Administration for Market Regulation, a Chongqing company was exposed by CCTVs "3.15" Gala for illegally using hydrogen peroxide in the production and processing of chicken feet. After the State Administration for Market Regulations working group transferred the case to the Chongqing Municipal Administration for Market Regulation, enforcement personnel from the municipal and district-level market regulation bureaus have been stationed at the company to conduct a thorough investigation. Currently, an investigation has been launched into the companys suspected illegal activities, the products involved have been seized, and the company has been urged to voluntarily recall the affected products. The Chongqing Municipal Administration for Market Regulation will work with relevant departments to investigate and punish the companys illegal activities according to law, and will also draw lessons from this case to carry out comprehensive governance of prominent food safety issues throughout the city, focusing on rectifying problems such as the use of food additives beyond the permitted scope and limits, further strengthening enterprises primary responsibility for food safety, standardizing the production and operation behavior of employees, and effectively safeguarding the publics "safety on the tip of their tongues."March 15th - At 21:22 Beijing time on March 15, 2026, my country successfully launched the Yaogan-50 02 satellite into its predetermined orbit using a Long March-6A carrier rocket from the Taiyuan Satellite Launch Center. The launch mission was a complete success. This satellite will primarily be used for national land surveys, crop yield estimation, and disaster prevention and mitigation. This mission marked the 633rd flight of the Long March series of carrier rockets.Local authorities say the fire at an oil facility in Russia’s Krasnodar Krai has been extinguished.

EUR/USD Price Analysis: Moves upward past the 1.0710 level of support

Daniel Rogers

Jan 11, 2023 12:05

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During Wednesday's sleepy mid-Asian session, EUR/USD re-establishes its intraday high above 1.0750, extending the day-start recovery. Consequently, the major currency pair demonstrates minor advances within a three-day-old rectangle pattern.

 

The buyers remain hopeful despite the pair's spectacular return from the weekly support line and better RSI (14) levels. The crossing of the 100-HMA below the 200-HMA, also termed as a bull cross, bolsters the upside bias.

 

As a result, the EUR/USD pair is projected to exceed the immediate barrier around 1.0760, which might propel prices towards the May 2022 peak near 1.0785. Nonetheless, the 1.0800 round number and the projected overbought RSI (14) conditions at that level could represent a threat to pair buyers in the future.

 

Should the EUR/USD price move higher than 1.0800, the March 2022 low near 1.0810 might serve as the last line of defense for selling before the psychological 1.1000 level becomes the focal point for bulls.

 

On the other side, an upward-sloping support line from Monday, which was around 1.0735 at the time of writing, precludes immediate EUR/USD decline ahead of the stated rectangle's bottom near 1.0710. Nevertheless, the late-December highs offer impetus to the 1.0710 support level.

 

Even if the price goes below 1.0710, the 100-HMA and 200-HMA may withstand the pair's continuing descent around 1.0645-40.