CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Euro - Dollar Analysis

US Session Analysis for CFD Instruments 20/01/2021

Fundamental analysis

20 January, 2021

The Euro had started a small rally on Wednesday but fell sharply mid-morning. It is currently 1.21167. German PPI for December rose 0.8%, Month-over-Month, and 0.2%, Year-over-Year. The Consensus forecasts were 0.3% and -0.3% respectively. Eurozone CPI for December fell 0.3% as expected. The United States will report some minor housing data later today. President-Elect Joseph Biden will be inaugurated as President at Noon, Washington D.C. time.

Technical analysis

Euro - Dollar Analysis Technical analysis 20/01/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 20/01/2021

Support & Resistance Level Explanation
Resistance 2 1.2153 Daily R2
Resistance 1 1.2136 Daily R1
Support 1 1.2092 Daily S1
Support 2 1.2076 Daily S2

EURUSD Indicator Table - 20/01/2021

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

EURUSD Indicator / Period Table - 20/01/2021

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

EURUSD 20/01/2021 - Reference Price : 1.2111

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