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 03/02/2023

Fundamental analysis

03 February, 2023

The EUR/USD pair was slightly higher today. It is currently 1.0983. The Spanish Services PMI for January printed 52.7 vs 52.5. French Services PMI for January printed 49.4. The consensus was 49.2. Italian Services PMI for January was reported at 51.2. The consensus was 51.0. German Services PMI for January was reported 50.7 vs 50.4 expected. The United States Non-farm Payrolls for January will print later today. The Unemployment Rate for January is also set to be reported. ISM Non-Manufacturing PMI for January will be reported later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 03/02/2023
Time Frame: 1 hour

EURUSD Support & Resistance Table - 03/02/2023

Support & Resistance Level Explanation
Resistance 2 1.1006 Daily R2
Resistance 1 1.0974 Daily R1
Support 1 1.0889 Daily S1
Support 2 1.0857 Daily S2

EURUSD Indicator Table - 03/02/2023

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 - 03/02/2023

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

EURUSD 03/02/2023 - Reference Price : 1.0933

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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