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Euro - Dollar Analysis

US Session Analysis for CFD Instruments 12/02/2019

Fundamental analysis

12 February, 2019

EUR/USD was trading at 1.1280 this afternoon, after it fell earlier this morning to its lowest rate in two months (1.12558). Soft European data last week contributed to a buoyant dollar against a weakened single currency. The European Commission sharply cut on Thursday its forecasts for euro zone growth for this year and next, with the bloc’s largest economies expected to be held back by global trade tensions and domestic challenges. The US dollar, on the other hand, hit a 2019 high as concerns about a trade deal with China and an economic slowdown in Europe sent investors into the safe-haven currency. Later this afternoon, US JOLTs Job Openings for December will be released. Also this afternoon, Fed Chair Jerome Powell will speak on “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum.

Technical analysis

Euro - Dollar Analysis Technical analysis 12/02/2019
Time Frame: 1 hour

EURUSD Support & Resistance Table - 12/02/2019

Support & Resistance Level Explanation
Resistance 2 1.1350 Daily R2
Resistance 1 1.1319 Daily R1
Support 1 1.1261 Daily S1
Support 2 1.1232 Daily S2

EURUSD Indicator Table - 12/02/2019

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 - 12/02/2019

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

EURUSD 12/02/2019 - Reference Price : 1.1290

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Euro - US Dollar Chart
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