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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 29/04/2022

Fundamental analysis

29 April, 2022

During Asian trade, the euro strengthened against the dollar. It seems that after the "retirement of the yen", only the dollar (and the Swiss franc) remained as a "safe haven" in the world of globalized finances. Russia has suspended the export of natural gas to Poland and Bulgaria because the two countries have not fulfilled their obligations in rubles. The EU also continues to worsen overall relations with Russia in the long run - economically, politically and diplomatically. New moves in that direction are possible this week, so the euro remains under long-term pressure. On the other hand, ("hawkish") positions of the creators of monetary policy in the United States - the need for a rapid and decisive increase in interest rates, give strength to the US dollar. The euro is exchanged for 1.0560 dollars, which represents the strengthening of the common European currency by 0.55% since the beginning of trading.

Technical analysis

Euro - Dollar Analysis Technical analysis 29/04/2022
Time Frame: 1 hour

EURUSD Support & Resistance Table - 29/04/2022

Support & Resistance Level Explanation
Resistance 2 1.06432 Daily R2
Resistance 1 1.06111 Daily R1
Support 1 1.05257 Daily S1
Support 2 1.04936 Daily S2

EURUSD Indicator Table - 29/04/2022

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

EURUSD Indicator / Period Table - 29/04/2022

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

EURUSD 29/04/2022 - Reference Price : 1.05684

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