Euro - Dollar Analysis

US Session Analysis for CFD Instruments 21/03/2024

Fundamental analysis

21 March, 2024

During European trading, the euro was stable against the US Dollar and is trading above 1.0900 levels.

Today, there are no significant economic updates from the Eurozone. Yesterday, the United States Federal Reserve announced its decision to maintain unchanged interest rates. However, the Fed's dot plot projections suggest three potential 0.25% rate cuts in 2024, followed by further cuts of 0.25% in 2025.

Technical analysis

Time Frame: 1 hour

EURUSD Support & Resistance Table - 21/03/2024

Support & Resistance	Level	Explanation
Resistance 2	1.0948	Daily R2
Resistance 1	1.0931	Daily R1
Support 1	1.0886	Daily S1
Support 2	1.0868	Daily S2

EURUSD Indicator Table - 21/03/2024

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

EURUSD Indicator / Period Table - 21/03/2024

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Sell	Buy	Sell
RSI (14)	Neutral	Buy	Neutral
SMA 20	Buy	Buy	Buy

EURUSD 21/03/2024 - Reference Price : 1.0905

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (0)	Sell (2)

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