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 24/02/2021

Fundamental analysis

24 February, 2021

The Euro inched slightly higher on Wednesday. It is currently 1.21585. German 4th Quarter GDP rose 0.3%, Quarter-over-Quarter, and fell 2.7%, Year-over-Year. Both figures beat their consensus forecasts which were 0.1% and -2.9% respectively. The United States will report New Home Sales later today. U.S. Fed Chairman Jerome Powell will finish his two-day testimony before Congress.

Technical analysis

Euro - Dollar Analysis Technical analysis 24/02/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 24/02/2021

Support & Resistance Level Explanation
Resistance 2 1.2208 Daily R2
Resistance 1 1.2188 Daily R1
Support 1 1.2137 Daily S1
Support 2 1.2118 Daily S2

EURUSD Indicator Table - 24/02/2021

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

EURUSD Indicator / Period Table - 24/02/2021

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

EURUSD 24/02/2021 - Reference Price : 1.2159

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