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 16/12/2022

Fundamental analysis

16 December, 2022

The EUR/USD pair was lower today. It is currently 1.0616. The European Central Bank raised Interest Rates by 50 basis points as expected, bringing it to 2.75%. German Manufacturing PMI for December reported 47.4 vs 46.3 expected. French Manufacturing PMI for December printed 48.9. The consensus was 48.2. Eurozone CPI Year-on-Year for November printed 10.1%. The consensus was 10.0%. The United States Manufacturing and Services PMI for December will print later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 16/12/2022
Time Frame: 1 hour

EURUSD Support & Resistance Table - 16/12/2022

Support & Resistance Level Explanation
Resistance 2 1.0702 Daily R2
Resistance 1 1.0671 Daily R1
Support 1 1.0587 Daily S1
Support 2 1.0556 Daily S2

EURUSD Indicator Table - 16/12/2022

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

EURUSD Indicator / Period Table - 16/12/2022

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

EURUSD 16/12/2022 - Reference Price : 1.0634

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