CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 07/05/2021

Fundamental analysis

07 May, 2021

The Euro traded higher on Friday. It is currently 1.20748. German Industrial Production for March rose 2.5%, Month-over-Month, just above the consensus forecast of 2.3%. French Industrial Production for March missed coming in at 0.8%, Month-over-Month versus the 2.0% expected. The United States will report Nonfarm Payrolls for April and the latest Unemployment Rate later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 07/05/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 07/05/2021

Support & Resistance Level Explanation
Resistance 2 1.2124 Daily R2
Resistance 1 1.2103 Daily R1
Support 1 1.2047 Daily S1
Support 2 1.2026 Daily S2

EURUSD Indicator Table - 07/05/2021

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

EURUSD Indicator / Period Table - 07/05/2021

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

EURUSD 07/05/2021 - Reference Price : 1.2073

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