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Euro - English Pound Analysis

US Session Analysis for CFD Instruments 02/12/2019

Fundamental analysis

02 December, 2019

EUR/GBP fell in Europe, to test a fresh session low of 0.85129. The euro fell against its peers despite positive manufacturing data in Europe. The German Manufacturing PMI for November came in at 44.1, beating analysts’ expectations for a figure of 43.8. In the Eurozone, Manufacturing PMI came in at 46.9 for November, exceeding analysts’ expectations for a figure of 46.6. In the UK, Manufacturing PMI data for November also beat the expectations. Data showed a figure of 48.9, exceeding analysts’ expectations for a figure of 48.3. The UK pound has been lately supported by expectations that the Conservative Party will win at the December 12 general election, which could finally get the Brexit deal passed in Parliament. In Europe, ECB President Lagarde will speak at 14:00 GMT.

Technical analysis

Euro - English Pound Analysis Technical analysis 02/12/2019
Time Frame: 1 hour

EURGBP Support & Resistance Table - 02/12/2019

Support & Resistance Level Explanation
Resistance 2 0.8579 Daily R2
Resistance 1 0.8548 Daily R1
Support 1 0.8488 Daily S1
Support 2 0.8459 Daily S2

EURGBP Indicator Table - 02/12/2019

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

EURGBP Indicator / Period Table - 02/12/2019

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

EURGBP 02/12/2019 - Reference Price : 0.8517

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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