CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 02/11/2021

Fundamental analysis

02 November, 2021

The Euro moved sideways on Tuesday with one drop and recovery earlier in the day. It is currently 1.15996. Germany’s Manufacturing PMI for October printed at 57.8, less than the consensus forecast of 58.2. Eurozone Manufacturing PMI for October also missed landing on 58.3 versus expectations of 58.5. Italian and French Manufacturing PMI’s for October both beat their forecasts coming in at 61.1 and 53.6, respectively. The United States’ economic calendar is empty.

Technical analysis

Euro - Dollar Analysis Technical analysis 02/11/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 02/11/2021

Support & Resistance Level Explanation
Resistance 2 1.16488 Daily R2
Resistance 1 1.16242 Daily R1
Support 1 1.15586 Daily S1
Support 2 1.15340 Daily S2

EURUSD Indicator Table - 02/11/2021

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 - 02/11/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Sell SellSell
SMA 20 Sell SellSell

EURUSD 02/11/2021 - Reference Price : 1.15914

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