The Euro slipped lower on Tuesday, giving up half of Monday’s gains. It is currently 1.21452. Eurozone CPI for January rose 0.9%, year-over-Year, as expected. Italian Industrial New Orders for December rose 1.7%, Month-over-Month, and 7.0%, Year-over-Year. The United States will report home price data for December and consumer confidence for February later today. Fed Chairman Jerome Powell is scheduled to testify before Congress today and tomorrow.
Euro - Dollar Analysis
US Session Analysis for CFD Instruments 23/02/2021
Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table - 23/02/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 1.2199 | Daily R2 |
Resistance 1 | 1.2178 | Daily R1 |
Support 1 | 1.2120 | Daily S1 |
Support 2 | 1.2098 | Daily S2 |
EURUSD Indicator Table - 23/02/2021
Indicator | Signal |
SMA 20 | Buy |
SMA 50 | Buy |
SMA 100 | Buy |
MACD( 12;26;9) | Buy |
RSI (14) | Sell |
Stochastic ( 9;6;3) | Sell |
EURUSD Indicator / Period Table - 23/02/2021
Indicator / Period | Day - Buy | Week - Buy | Month - Buy |
MACD( 12;26;9) | Buy | Buy | Buy |
RSI (14) | Sell | Buy | Buy |
SMA 20 | Buy | Buy | Buy |
EURUSD 23/02/2021 - Reference Price : 1.2150
Buy |
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