Euro - Dollar Analysis

US Session Analysis for CFD Instruments 19/12/2024

Fundamental analysis

19 December, 2024

In European trading, the euro fell against the US Dollar, trading below the 1.04100 mark.

The pair experienced a steep fall in this morning's session following a hawkish statement by Jerome Powell concerning future interest rate cuts by the FED and after Eurozone inflation data came in lower than anticipated. In Europe, German Consumer Climate data for January was released with results better than expected (-21.3 vs 23.6 expected). In the US, Q3 GDP figures (2.8% exp), Initial Jobless Claims (229k exp) and Philadelphia Fed Manufacturing Index for December (3.0 exp) will be released (13:30 GMT).

Technical analysis

Time Frame: 1 hour

EURUSD Support & Resistance Table - 19/12/2024

Support & Resistance	Level	Explanation
Resistance 2	1.0469	Daily R2
Resistance 1	1.0444	Daily R1
Support 1	1.0378	Daily S1
Support 2	1.0353	Daily S2

EURUSD Indicator Table - 19/12/2024

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

EURUSD Indicator / Period Table - 19/12/2024

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

EURUSD 19/12/2024 - Reference Price : 1.0409

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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