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. 70.41% 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 07/08/2024

Fundamental analysis

07 August, 2024

In European trading, the euro declined against the US Dollar, trading above the 1.09100 mark.

In the Eurozone, German Industrial Production data came in higher than expected. In the United States, there are no major data releases scheduled today.

Technical analysis

Euro - Dollar Analysis Technical analysis 07/08/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 07/08/2024

Support & Resistance Level Explanation
Resistance 2 1.0973 Daily R2
Resistance 1 1.0947 Daily R1
Support 1 1.0879 Daily S1
Support 2 1.0853 Daily S2

EURUSD Indicator Table - 07/08/2024

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 - 07/08/2024

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

EURUSD 07/08/2024 - Reference Price : 1.0914

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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