The Euro meandered sideways on Tuesday. It is currently 1.16000. Germany’s Services PMI for September printed at 56.2, just above its forecast of 56.0. France’s Services PMI for September also slightly beat its forecast landing on 56.2, Italy’s Services PMI for September missed, coming in at 55.5, below the 56.5 analysts had expected. The EUrozone’s PPI for August rose 13.4%, Year-over-Year, and 1.1%, Month-over-Month. The consensus forecasts were 13.5% and 1.3%, respectively. The United States will report its ISM Services PMI for September later today.
Euro - Dollar Analysis
US Session Analysis for CFD Instruments 05/10/2021
Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table - 05/10/2021
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.1635 | Daily R2 |
| Resistance 1 | 1.1618 | Daily R1 |
| Support 1 | 1.1573 | Daily S1 |
| Support 2 | 1.1556 | Daily S2 |
EURUSD Indicator Table - 05/10/2021
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Sell |
EURUSD Indicator / Period Table - 05/10/2021
| Indicator / Period | Day - Sell | Week - Sell | Month - Sell |
| MACD( 12;26;9) | Sell | Sell | Buy |
| RSI (14) | Buy | Sell | Neutral |
| SMA 20 | Sell | Sell | Sell |
EURUSD 05/10/2021 - Reference Price : 1.1601
| Sell |
|
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