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 31/05/2024

Fundamental analysis

31 May, 2024

In European trading, the euro was slightly higher against the US Dollar, trading above the 1.0840 mark.

The Eurozone released higher than expected CPI data (2.6% vs 2.5%) today. In the United States, Core PCE Price Index data is expected for release.

Technical analysis

Euro - Dollar Analysis Technical analysis 31/05/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 31/05/2024

Support & Resistance Level Explanation
Resistance 2 1.0881 Daily R2
Resistance 1 1.0867 Daily R1
Support 1 1.0830 Daily S1
Support 2 1.0816 Daily S2

EURUSD Indicator Table - 31/05/2024

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

EURUSD Indicator / Period Table - 31/05/2024

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

EURUSD 31/05/2024 - Reference Price : 1.0847

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
Share It With Your Network
Euro - US Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now