CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 24/03/2023

Fundamental analysis

24 March, 2023

The EUR/USD pair was sharply lower today. It is currently 1.0736. The Eurozone reported Manufacturing PMI at 47.1 vs 49.0 expected. Services PMI was reported at 55.6 vs 52.5. German Manufacturing PMI for March was reported at 44.4 vs 47.0. French Manufacturing PMI for March was printed at 47.7 vs 48.0. German Services PMI for March was reported at 53.9 vs 51.0. The United States will print Core Durable Goods Orders Month-on-Month for February later today. Services and Manufacturing PMI will also be reported.

Technical analysis

Euro - Dollar Analysis Technical analysis 24/03/2023
Time Frame: 1 hour

EURUSD Support & Resistance Table - 24/03/2023

Support & Resistance Level Explanation
Resistance 2 1.0816 Daily R2
Resistance 1 1.0785 Daily R1
Support 1 1.0703 Daily S1
Support 2 1.0672 Daily S2

EURUSD Indicator Table - 24/03/2023

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

EURUSD Indicator / Period Table - 24/03/2023

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

EURUSD 24/03/2023 - Reference Price : 1.0742

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