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Euro - Dollar Analysis

US Session Analysis for CFD Instruments 16/10/2020

Fundamental analysis

16 October, 2020

The Euro traded sideways on Friday in a relatively calm fashion after yesterday’s drop. It is now 1.17069. There was a lot of little data out of the Eurozone on Friday. Italian CPI for September fell 0.7%, Month-over-Month, just a tenth of a percent worse than forecast. Eurozone CPI for September fell 0.3%, Year-over-Year, as expected. There will be some bigger numbers out of the United States later today including September Retail Sales, Industrial Production, and Michigan Consumer Sentiment for October.

Technical analysis

Euro - Dollar Analysis Technical analysis 16/10/2020
Time Frame: 1 hour

EURUSD Support & Resistance Table - 16/10/2020

Support & Resistance Level Explanation
Resistance 2 1.1753 Daily R2
Resistance 1 0.1734 Daily R1
Support 1 1.1683 Daily S1
Support 2 1.1664 Daily S2

EURUSD Indicator Table - 16/10/2020

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 - 16/10/2020

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

EURUSD 16/10/2020 - Reference Price : 1.1732

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Euro - US Dollar Chart
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