CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 06/05/2022

Fundamental analysis

06 May, 2022

The Euro-US dollar currency pair is trading higher. It is currently trading at 1.05721. German Industrial Production Month-on-Month for March printed -3.9% vs -1.0% expected. The United States will report ADP Non-farm Payroll for April later today. The Unemployment Rate for April will also be printed later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 06/05/2022
Time Frame: 1 hour

EURUSD Support & Resistance Table - 06/05/2022

Support & Resistance Level Explanation
Resistance 2 1.06608 Daily R2
Resistance 1 1.06291 Daily R1
Support 1 1.05445 Daily S1
Support 2 1.05128 Daily S2

EURUSD Indicator Table - 06/05/2022

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

EURUSD Indicator / Period Table - 06/05/2022

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

EURUSD 06/05/2022 - Reference Price : 1.05868

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