Euro - Dollar Analysis

US Session Analysis for CFD Instruments 15/05/2019

Fundamental analysis

15 May, 2019

EUR/USD fell below 1.12 on Wednesday to test a session low of 1.11909. The euro fell ignoring data from Germany that showed the economy returned to growth in the first quarter, as trade tensions between the world’s two biggest economies cast a shadow over risk appetite. Eurostat said the economy of the 19 countries sharing the euro expanded by 0.4% quarter-on-quarter in the January-March period, the same as its initial estimate, after 0.2% growth in the last three months of 2018. Year-on-year, the euro zone grew by 1.2% in the first quarter, also as previously estimated, the same rate as at the end of last year. The quarterly acceleration was mainly thanks to Germany, which rebounded to 0.4% growth from zero growth in the previous three months. In the US, Retail Sales data for April will be released today at 13:30 GMT+1.

Technical analysis

Euro - Dollar Analysis Technical analysis 15/05/2019
Time Frame: 1 hour

EURUSD Support & Resistance Table - 15/05/2019

Support & Resistance Level Explanation
Resistance 2 1.1224 Daily R2
Resistance 1 1.1202 Daily R1
Support 1 1.1165 Daily S1
Support 2 1.1145 Daily S2

EURUSD Indicator Table - 15/05/2019

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

EURUSD Indicator / Period Table - 15/05/2019

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

EURUSD 15/05/2019 - Reference Price : 1.1182

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