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Euro - Dollar Analysis

US Session Analysis for CFD Instruments 06/08/2020

Fundamental analysis

06 August, 2020

The EUR/USD edged lower in the European trading session after Euro retreated in early morning trading against the US Dollar but later recovered some of its losses. It sits at 1.18659 midday in Europe. German Factory Orders for June blew away expectations printing at 27.9%, Month-over-Month. The consensus forecast was only looking for 10.1%. In Italy, Industrial Production for June beat the forecasts both Month-over-Month and Year-over-Year. They came in at 8.2% and -13.7% respectively. Euro traders will be watching the unemployment figures expected from the United States this afternoon.

Technical analysis

Euro - Dollar Analysis Technical analysis 06/08/2020
Time Frame: 1 hour

EURUSD Support & Resistance Table - 06/08/2020

Support & Resistance Level Explanation
Resistance 2 1.1924 Daily R2
Resistance 1 1.1889 Daily R1
Support 1 1.1796 Daily S1
Support 2 1.1761 Daily S2

EURUSD Indicator Table - 06/08/2020

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

EURUSD Indicator / Period Table - 06/08/2020

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Neutral BuyBuy
SMA 20 Buy BuyBuy

EURUSD 06/08/2020 - Reference Price : 1.1843

Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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Euro - US Dollar Chart
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