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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 05/07/2021

Fundamental analysis

05 July, 2021

The Euro climbed higher on Monday. It is currently 1.18714. Germany’s Composite and Services PMI’s for June came in at 60.1 and 57.5. ANalysts were looking for 60.4 and 58.1 respectively. Eurozone PMI’s beat their forecasts. The Eurozone Markit Composite PMI for June printed at 59.5, and the Services PMI for June was 58.3. French and Italian PMI’s for June also beat analysts’ expectations. The United States is celebrating its Independence Day holiday so no economic data is expected today.

Technical analysis

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

EURUSD Support & Resistance Table - 05/07/2021

Support & Resistance Level Explanation
Resistance 2 1.1914 Daily R2
Resistance 1 1.1898 Daily R1
Support 1 1.1854 Daily S1
Support 2 1.1838 Daily S2

EURUSD Indicator Table - 05/07/2021

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

EURUSD Indicator / Period Table - 05/07/2021

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

EURUSD 05/07/2021 - Reference Price : 1.1876

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