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 31/10/2024

Fundamental analysis

31 October, 2024

In European trading, the euro increased against the US Dollar, trading above the 1.0800 mark.

The EUR/USD pushed towards yesterday’s ten day high in the European session after inflation data was released. In Europe, Eurozone CPI Inflation data for October was 2% vs 1.9% expected. In the United States, Core PCE Price Index for September (0.3% exp) will be released (12:30 GMT) and Initial Jobless Claims figures (229k exp) will be revealed (12:30 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 31/10/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 31/10/2024

Support & Resistance Level Explanation
Resistance 2 1.0889 Daily R2
Resistance 1 1.0878 Daily R1
Support 1 1.0846 Daily S1
Support 2 1.0835 Daily S2

EURUSD Indicator Table - 31/10/2024

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

EURUSD Indicator / Period Table - 31/10/2024

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

EURUSD 31/10/2024 - Reference Price : 1.08606

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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Euro - US Dollar Chart
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