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 24/12/2024

Fundamental analysis

24 December, 2024

In European trading, the euro fell against the US Dollar, trading below the 1.0400 mark.

The pair has declined near a two year low following the news that the ECB is likely to perform more interest rate cuts than the FED in 2025. In Europe, with some markets closed and others closing early due to Christmas holidays there are no data releases today. In the US, New Home Sales for November (666k exp) will be released (15:00 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 24/12/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 24/12/2024

Support & Resistance Level Explanation
Resistance 2 1.0460 Daily R2
Resistance 1 1.0432 Daily R1
Support 1 1.0358 Daily S1
Support 2 1.0330 Daily S2

EURUSD Indicator Table - 24/12/2024

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

EURUSD Indicator / Period Table - 24/12/2024

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

EURUSD 24/12/2024 - Reference Price : 1.0398

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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Euro - US Dollar Chart
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