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Euro - Dollar Analysis

US Session Analysis for CFD Instruments 13/08/2019

Fundamental analysis

13 August, 2019

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.

Technical analysis

Euro - Dollar Analysis Technical analysis 13/08/2019
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 - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Neutral NeutralSell
SMA 20 Buy SellSell

EURUSD 13/08/2019 - Reference Price : 1.1216

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