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 04/12/2024

Fundamental analysis

04 December, 2024

In European trading, the euro fell against the US Dollar, trading above the 1.0500 mark.
The currency pair is experiencing downward pressures following the political crisis in France. The pressure is compounded by the political crisis in the other main EU country - Germany. In Europe, HCOB German Services PMI data for November was released showing worse than expected data (49.4 expected vs 49.3 realised) and ECB President Lagarde will speak (15:30 GMT). In the United States, ADP Nonfarm Employment Change for November (166k exp) will be released (13:15 GMT), Global Services PMI data for November (57.0 exp) will be posted (14:45 GMT), ISM Non-Manufacturing PMI for November (55.5 exp) will be released. Fed Chair Powell will speak (18:45 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 04/12/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 04/12/2024

Support & Resistance Level Explanation
Resistance 2 1.0553 Daily R2
Resistance 1 1.0533 Daily R1
Support 1 1.0477 Daily S1
Support 2 1.0457 Daily S2

EURUSD Indicator Table - 04/12/2024

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

EURUSD Indicator / Period Table - 04/12/2024

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

EURUSD 04/12/2024 - Reference Price : 1.0503

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