CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Euro - Dollar Analysis

US Session Analysis for CFD Instruments 01/12/2021

Fundamental analysis

01 December, 2021

The Euro bounced sideways in a medium range on Wednesday. It is currently 1.13322. Germany’s Retail Sales for October fell 2.9%, Year-over-Year, and dropped 0.3%, Month-over-Month. The consensus forecasts were -2.0% and -0.3%, respectively. German Manufacturing PMI for November printed at 57.4, just under the analysts’ estimate of 57.6. The Eurozone Manufacturing PMI for November also came in two-tenths below forecast at 58.4. The United States will report its ADP Private Nonfarm Payroll Change for November and its ISM Manufacturing PMI for November later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 01/12/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 01/12/2021

Support & Resistance Level Explanation
Resistance 2 1.13791 Daily R2
Resistance 1 1.13546 Daily R1
Support 1 1.12892 Daily S1
Support 2 1.12647 Daily S2

EURUSD Indicator Table - 01/12/2021

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

EURUSD Indicator / Period Table - 01/12/2021

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

EURUSD 01/12/2021 - Reference Price : 1.13219

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