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Euro - Dollar Analysis

US Session Analysis for CFD Instruments 16/09/2020

Fundamental analysis

16 September, 2020

The Euro rallied on Wednesday. It is 1.18xxx midday in Europe. The Eurozone’s Trade Balance for JUly printed at 27.9 billion euros, much stronger than the 12.6 billion euros that had been forecast. The United States will publish Retail Sales figures for July later today. However, the biggest potential market moving news comes after the trading day in Europe. The Federal Reserve’s Open Market CCommittee is concluding its 2-day meeting and will release their Statement and Economic Projections. Interest rates are expected to remain unchanged, but the tone of the statement and their projections will be parsed and dissected by traders and investors around the world, looking for hints of monetary policy direction and duration.

Technical analysis

Euro - Dollar Analysis Technical analysis 16/09/2020
Time Frame: 1 hour

EURUSD Support & Resistance Table - 16/09/2020

Support & Resistance Level Explanation
Resistance 2 1.1926 Daily R2
Resistance 1 1.1904 Daily R1
Support 1 1.1846 Daily S1
Support 2 1.1824 Daily S2

EURUSD Indicator Table - 16/09/2020

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

EURUSD Indicator / Period Table - 16/09/2020

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

EURUSD 16/09/2020 - Reference Price : 1.1866

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