Euro - Dollar Analysis

Evening Analysis for CFD Instruments 06/12/2018

Fundamental analysis

06 December, 2018

EUR/USD was little changed on Thursday trading at 1.1340. Earlier today, the US dollar rose after the arrest in Canada of a top executive of Chinese tech giant Huawei prompted fears of a flare-up in U.S.-China trade tensions. The Us dollar, however, remained under pressure by worrisome signs in U.S. bond markets about economic growth and signals from the Federal Reserve that a slowdown in the pace of interest rate hikes may be coming. In Europe, Italy’s ruling League party will accept only a minor reduction to next year’s budget deficit target, senior party sources said on Thursday. The European Commission has rejected Rome’s draft budget, which says the deficit will rise to 2.4 percent of gross domestic product next year from 1.8 percent this year. Later this afternoon, the US dollar should be expected to come under volatile pressure due to several economic data releases. In fact, this afternoon, ADP Nonfarm Employment Change for November, Initial Jobless Claims, Trade Balance and ISM Non- Manufacturing PMI will be released in the US.

Technical analysis

Euro - Dollar Analysis Technical analysis 06/12/2018
Time Frame: 1 hour

EURUSD Support & Resistance Table - 06/12/2018

Support & Resistance Level Explanation
Resistance 2 1.1410 Daily R2
Resistance 1 1.1377 Daily R1
Support 1 1.1310 Daily S1
Support 2 1.1285 Daily S2

EURUSD Indicator Table - 06/12/2018

Indicator Signal
SMA 20 Buy
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Buy
Stochastic ( 9;6;3) Buy

EURUSD Indicator / Period Table - 06/12/2018

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellNeutral
RSI (14) Buy SellSell
SMA 20 Buy SellSell

EURUSD 06/12/2018 - Reference Price : 1.1343

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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