EUR/USD jumped during the European trading session to return above 1.1200 and test a fresh session high of 1.12200. The pair fell on a weaker US dollar as the benchmark 10-year Treasury yield was threatening to break below the rate of 1.60% and test its lowest rate since late 2016. Investors continued to flock to US Government Treasuries due to rising fears over a possible economic recession, which kept expectations high for another interest rate cut by the US Fed in September. Earlier in Europe, German ZEW Economic Sentiment showed a negative figure of 44.1, missing analysts’ expectations for a figure of -27.8. Later in the US, Inflation data for July will be released at 13:30 GMT+1.
Euro - Dollar Analysis
US Session Analysis for CFD Instruments 13/08/2019
Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table - 13/08/2019
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.1249 | Daily R2 |
| Resistance 1 | 1.1233 | Daily R1 |
| Support 1 | 1.1197 | Daily S1 |
| Support 2 | 1.1180 | Daily S2 |
EURUSD Indicator Table - 13/08/2019
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Sell |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Buy |
EURUSD Indicator / Period Table - 13/08/2019
| Indicator / Period | Day - Buy | Week - Sell | Month - Sell |
| MACD( 12;26;9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Sell |
| SMA 20 | Buy | Sell | Sell |
EURUSD 13/08/2019 - Reference Price : 1.1216
| Buy |
|
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13/08/19 - Tuesday
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