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 07/04/2021

Fundamental analysis

07 April, 2021

The Euro rose on Wednesday. It is currently 1.18920. German Composite and Services PMI for March came in at 57.3 and 51.5. Analysts were expecting 56.8 and 50.8 respectively. The Eurozone Composite PMI for March printed at 53.2 The consensus forecast was 52.5. The United States will report trade balance numbers for February this afternoon.

Technical analysis

Euro - Dollar Analysis Technical analysis 07/04/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 07/04/2021

Support & Resistance Level Explanation
Resistance 2 1.1935 Daily R2
Resistance 1 1.1915 Daily R1
Support 1 1.1863 Daily S1
Support 2 1.1843 Daily S2

EURUSD Indicator Table - 07/04/2021

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 - 07/04/2021

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

EURUSD 07/04/2021 - Reference Price : 1.1883

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