Euro - Dollar Analysis

US Session Analysis for CFD Instruments 17/12/2024

Fundamental analysis

17 December, 2024

In European trading, the euro fell against the US Dollar, trading below the 1.0480 mark.

Since this morning the pair has taken on a new downward path following the vote of no-confidence to the German government of Olaf Scholz, increasing instability on the continent. In Europe, German Ifo Business Climate data for December was posted with worse than expected results (84.7 vs 85.5 expected) and German ZEW Economic Sentiment for December was better than expected (15.7 vs 6.8 expected) . In the US, Retail Sales for November (0.5% expected) and Industrial Production PMI data for November (0.1% exp) will be released at 13:30 GMT and 14:15 respectively.

Technical analysis

Time Frame: 1 hour

EURUSD Support & Resistance Table - 17/12/2024

Support & Resistance	Level	Explanation
Resistance 2	1.0528	Daily R2
Resistance 1	1.0509	Daily R1
Support 1	1.0459	Daily S1
Support 2	1.0440	Daily S2

EURUSD Indicator Table - 17/12/2024

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 - 17/12/2024

Indicator / Period	Day - Sell	Week - Sell	Month - Sell
MACD( 12;26;9)	Sell	Sell	Sell
RSI (14)	Sell	Sell	Sell
SMA 20	Sell	Sell	Sell

EURUSD 17/12/2024 - Reference Price : 1.0484

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (0)	Sell (3)

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