Euro - Dollar Analysis

US Session Analysis for CFD Instruments 23/07/2021

Fundamental analysis

23 July, 2021 Research Department

The Euro fell modestly in choppy trading on Friday. It is currently 1.17620. The German Manufacturing PMI for July came in at 65.6, higher than the 64.2 that had been forecast. The Eurozone Manufacturing and Services PMI’s for July printed at 62.6 and 60.4 respectively, both marginally higher than analysts had predicted. The United States will report its Manufacturing and Services PMI later today.

Technical analysis

Time Frame: 1 hour

EURUSD Support & Resistance Table - 23/07/2021

Support & Resistance	Level	Explanation
Resistance 2	1.1804	Daily R2
Resistance 1	1.1788	Daily R1
Support 1	1.1746	Daily S1
Support 2	1.1730	Daily S2

EURUSD Indicator Table - 23/07/2021

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

EURUSD Indicator / Period Table - 23/07/2021

Indicator / Period	Day - Sell	Week - Sell	Month - Buy
MACD( 12;26;9)	Sell	Sell	Buy
RSI (14)	Sell	Sell	Neutral
SMA 20	Sell	Sell	Buy

EURUSD 23/07/2021 - Reference Price : 1.1764

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (1)	Sell (2)

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