Euro - Dollar Analysis

Evening Analysis for CFD Instruments 14/03/2019

Fundamental analysis

14 March, 2019

The Euro bounced back down against the US dollar today. In the Eurozone concerns about the German economy are present, but are not new. The German economy ministry today said that 2019 saw a slow start due to external factors, but that the continent's powerhouse continued enjoying growth. The respected IFO Think-Tank slashed its 2019 GDP growth forecast to 0.6% from 1.1% beforehand, but see a rebound with 1.8% in 2020. Greenback became stronger in the European session despite worse than expected Initial jobless claims for the week and yesterday’s disappointing durable goods orders. Higher bond yields also supported the US dollar.

Technical analysis

Euro - Dollar Analysis Technical analysis 14/03/2019
Time Frame: 1 hour

EURUSD Support & Resistance Table - 14/03/2019

Support & Resistance Level Explanation
Resistance 2 1.1362 Daily R2
Resistance 1 1.1332 Daily R1
Support 1 1.1275 Daily S1
Support 2 1.1250 Daily S2

EURUSD Indicator Table - 14/03/2019

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

EURUSD Indicator / Period Table - 14/03/2019

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

EURUSD 14/03/2019 - Reference Price : 1.1303

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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