CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

Euro - Dollar Analysis

US Session Analysis for CFD Instruments 08/02/2021

Fundamental analysis

08 February, 2021

The Euro fell slightly on Monday in the European session as the dollar continued to grow against a basket of other currencies. The pair is currently trading at 1.2024. The Euro remains under pressure following EU difficulties in securing virus vaccines and rolling them out quickly and over the weekend Germany appeared to criticise the EU for its slow progress on this issue. German Industrial figures this morning were also below expectations, recording 0% against the expected 0.3%.

Technical analysis

Euro - Dollar Analysis Technical analysis 08/02/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 08/02/2021

Support & Resistance Level Explanation
Resistance 2 1.2080 Daily R2
Resistance 1 1.2062 Daily R1
Support 1 1.2013 Daily S1
Support 2 1.1995 Daily S2

EURUSD Indicator Table - 08/02/2021

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

EURUSD Indicator / Period Table - 08/02/2021

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

EURUSD 08/02/2021 - Reference Price : 1.2023

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