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 06/05/2025

Fundamental analysis

06 May, 2025

In European trading, the euro increased against the US Dollar, trading above the 1.1300 mark.
The EUR/USD currency climbed as the US dollar retreated ahead of tomorrow’s FED meeting and as better than expected PMI data came out of the EU. In Europe, Eurozone Services PMI for April was released with data being higher than expected (50.1 realised vs 49.7 expected). In the US, Imports (401.10 bln exp) and Exports (278.5 bln exp) for March will be released (13:30 GMT+1).

Technical analysis

Euro - Dollar Analysis Technical analysis 06/05/2025
Time Frame: 1 hour

EURUSD Support & Resistance Table - 06/05/2025

Support & Resistance Level Explanation
Resistance 2 1.1367 Daily R2
Resistance 1 1.1345 Daily R1
Support 1 1.1283 Daily S1
Support 2 1.1261 Daily S2

EURUSD Indicator Table - 06/05/2025

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

EURUSD Indicator / Period Table - 06/05/2025

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

EURUSD 06/05/2025 - Reference Price : 1.1318

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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