CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Euro - Dollar Analysis

US Session Analysis for CFD Instruments 08/11/2019

Fundamental analysis

08 November, 2019

EUR/USD extended losses on Friday testing its lowest rate in more than three weeks (1.10242). The US dollar continued to rise in Europe, as markets believe that the US and China are close to sign a phase one trade deal, which could include some tariff rollback. Earlier today, data in Germany showed the Trade Balance surplus rose 19.2 billion euro in September, beating analysts’ expectations for a surplus of 18.1 billion euro. In the US, Michigan Consumer Sentiment for November will be released at 15:00 GMT.

Technical analysis

Euro - Dollar Analysis Technical analysis 08/11/2019
Time Frame: 1 hour

EURUSD Support & Resistance Table - 08/11/2019

Support & Resistance Level Explanation
Resistance 2 1.1082 Daily R2
Resistance 1 1.1055 Daily R1
Support 1 1.1000 Daily S1
Support 2 1.0970 Daily S2

EURUSD Indicator Table - 08/11/2019

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

EURUSD Indicator / Period Table - 08/11/2019

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

EURUSD 08/11/2019 - Reference Price : 1.1031

Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
Share It With Your Network
Fortrade Daily Video News & Analysis
08/11/19 - Friday
Keep your information fresh, follow the daily analysis and news.
Growth your knowledge and invesments!
08/11/19 - Friday / Analysis
Euro - US Dollar Chart
Update Time: -
1M 5M H D W
Prices are loading..
Ready for trading?Start Now