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 02/12/2024

Fundamental analysis

02 December, 2024

In European trading, the euro rose against the US Dollar, trading above the 1.0500 mark.
The pair has seen a general drop in the last couple of days followed by the political instability in France, before starting to rise again today. In Europe, German Manufacturing PMI was released showing worse than expected results (43.0 vs 43.2 expected) and Eurozone Unemployment data for October was released showing results in line with expectations (6.3%). In the United States, Manufacturing PMI for November (48.8 exp) will be released (15:00 GMT) and ISM Manufacturing PMI for November (47.5 exp) will be posted (15:00 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 02/12/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 02/12/2024

Support & Resistance Level Explanation
Resistance 2 1.0583 Daily R2
Resistance 1 1.0558 Daily R1
Support 1 1.0492 Daily S1
Support 2 1.0467 Daily S2

EURUSD Indicator Table - 02/12/2024

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

EURUSD Indicator / Period Table - 02/12/2024

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

EURUSD 02/12/2024 - Reference Price : 1.0526

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