CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 05/07/2023

Fundamental analysis

05 July, 2023

The EURUSD pair is trading slightly higher today. It is currently trading at 1.0883. German Services PMI for June printed 54.1 as expected. Italian Services PMI for June printed 52.2 vs 53.0 expected. Spanish Services PMI for June printed 53.4 vs 55.5 expected. French Services PMI for June was reported at 48.0 as expected. The United States will report Services PMI for June later today. The Federal Reserve will release its Meeting Minutes later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 05/07/2023
Time Frame: 1 hour

EURUSD Support & Resistance Table - 05/07/2023

Support & Resistance Level Explanation
Resistance 2 1.09331 Daily R2
Resistance 1 1.09123 Daily R1
Support 1 1.08569 Daily S1
Support 2 1.08361 Daily S2

EURUSD Indicator Table - 05/07/2023

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 - 05/07/2023

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

EURUSD 05/07/2023 - Reference Price : 1.08846

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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