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 10/12/2024

Fundamental analysis

10 December, 2024

In European trading, the euro fell against the US Dollar, trading below the 1.0530 mark.

For the last couple of days the Euro has generally seen a downward trend ahead of ECB’s interest rate cut decision on December 12. In Europe, November German CPI Inflation data was released and was in line with expectations (-0.2% MoM). In the US, Q3 Nonfarm Productivity (2.2% exp) and Unit Labor Costs (1.9% exp) data will be released (13:30 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 10/12/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 10/12/2024

Support & Resistance Level Explanation
Resistance 2 1.0574 Daily R2
Resistance 1 1.0553 Daily R1
Support 1 1.0495 Daily S1
Support 2 1.0474 Daily S2

EURUSD Indicator Table - 10/12/2024

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

EURUSD Indicator / Period Table - 10/12/2024

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

EURUSD 10/12/2024 - Reference Price : 1.0527

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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