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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% 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 23/04/2021

Fundamental analysis

23 April, 2021

The Euro moved higher on Friday. It is currently 1.20501. Almost all of European PMI’s released today beat their forecasts. The exception was the German Services PMI figure which missed. French Manufacturing and Services PMI’s for April printed at 59.2 and 50.4 respectively. German manufacturing PMI for April came in at 66.4, above its estimate of 65.8. German Services PMI for April was 50.1. Analysts were looking for 50.8. The Eurozone Composite PMI for April printed at 53.7. The consensus forecast was 52.8. The United States will release its Manufacturing and Services PMI’s for April along with New Home Sales figures for March later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 23/04/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 23/04/2021

Support & Resistance Level Explanation
Resistance 2 1.20966 Daily R2
Resistance 1 1.20769 Daily R1
Support 1 1.20245 Daily S1
Support 2 1.20048 Daily S2

EURUSD Indicator Table - 23/04/2021

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

EURUSD Indicator / Period Table - 23/04/2021

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

EURUSD 23/04/2021 - Reference Price : 1.20507

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