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 08/11/2024

Fundamental analysis

08 November, 2024

In European trading, the euro increased against the US Dollar, trading above the 1.0700 mark.

The EUR/USD rebounded in the European session after posting a four month low. In Europe, ECB Member McCaul spoke earlier this morning. In the United States, Michigan 1 Year Inflation expectations data (2.7% exp) will be revealed (15:00 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 08/11/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 08/11/2024

Support & Resistance Level Explanation
Resistance 2 1.0861 Daily R2
Resistance 1 1.0828 Daily R1
Support 1 1.0740 Daily S1
Support 2 1.0707 Daily S2

EURUSD Indicator Table - 08/11/2024

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

EURUSD Indicator / Period Table - 08/11/2024

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Buy SellNeutral
SMA 20 Sell SellSell

EURUSD 08/11/2024 - Reference Price : 1.0792

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Euro - US Dollar Chart
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