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 12/03/2024

Fundamental analysis

12 March, 2024

During European trading, the euro strengthened against the US Dollar and is trading just above 1.09300 levels. German CPI data showed a decrease from 2.9% to 2.5% YoY but increased from 0.2% to 0.4% MoM in February. The Eurogroup meeting is also starting today. Later today important CPI data in the United States will also be out. Analysts expect for CPI to remain at 3.1% YoY and increase from 0.3% to 0.4% MoM.

Technical analysis

Euro - Dollar Analysis Technical analysis 12/03/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 12/03/2024

Support & Resistance Level Explanation
Resistance 2 1.0976 Daily R2
Resistance 1 1.0959 Daily R1
Support 1 1.0913 Daily S1
Support 2 1.0896 Daily S2

EURUSD Indicator Table - 12/03/2024

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

EURUSD Indicator / Period Table - 12/03/2024

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

EURUSD 12/03/2024 - Reference Price : 1.0931

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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