Euro - Dollar Analysis

US Session Analysis for CFD Instruments 11/01/2019

Fundamental analysis

11 January, 2019

EUR/USD was trading up 0.30% on Friday to test a session high of 1.15392. The euro on Friday was headed for its biggest weekly rise in over four months with the dollar weakening on cautious signals from the Federal Reserve about further rate hikes. The euro has been stuck in a $1.12-$1.15 range for the last three months due to growth fears and signs the European Central Bank is unlikely to end its stimulus soon. But dovish Fed minutes this week have triggered dollar selling allowing the euro surge to as high as $1.1581. Despite its recent gains the single currency has been pressured by a slew of weaker-than-expected economic data, especially from France and Germany. The European Central Bank is widely expected to remain accommodative in 2019, which traders say should prevent the currency from breaking much higher. Later this afternoon (13:30 GMT), US Inflation data for December will be in the focus of many market participants.

Technical analysis

Euro - Dollar Analysis Technical analysis 11/01/2019
Time Frame: 1 hour

EURUSD Support & Resistance Table - 11/01/2019

Support & Resistance Level Explanation
Resistance 2 1.1570 Daily R2
Resistance 1 1.1545 Daily R1
Support 1 1.1491 Daily S1
Support 2 1.1464 Daily S2

EURUSD Indicator Table - 11/01/2019

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

EURUSD Indicator / Period Table - 11/01/2019

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Neutral SellBuy
RSI (14) Sell NeutralNeutral
SMA 20 Buy BuySell

EURUSD 11/01/2019 - Reference Price : 1.1523

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (0)Sell (1)
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