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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 23/08/2021

Fundamental analysis

23 August, 2021

The Euro rose on Monday. It is currently 1.17162. Almost all German and Eurozone PMI figures for August missed their forecasts. The German manufacturing PMI came in at 62.7. Analysts had expected 65.0. The Eurozone Manufacturing PMI for AUgust printed at 61.5. The consensus forecast was 62.0. Only Germany’s Services PMI beat its estimate coming in at 61.5 versus the 61.0 that analysts had expected. The United States will release its Manufacturing and Services PMI’s later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 23/08/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 23/08/2021

Support & Resistance Level Explanation
Resistance 2 1.1753 Daily R2
Resistance 1 1.1739 Daily R1
Support 1 1.1700 Daily S1
Support 2 1.1685 Daily S2

EURUSD Indicator Table - 23/08/2021

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

EURUSD Indicator / Period Table - 23/08/2021

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

EURUSD 23/08/2021 - Reference Price : 1.1722

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