Euro - Dollar Analysis

Morning Analysis for CFD Instruments 09/11/2018

Fundamental analysis

09 November, 2018

EUR/USD extended losses on Friday falling to its lowest rate in one week (1.13387). The dollar gained versus the euro on Friday as the U.S. Federal Reserve kept interest rates steady at 2.25% but reaffirmed its monetary tightening stance, setting the stage for a rate hike in December. The Fed has raised its key policy rate three times this year, and the market expects another rate hike in December on the back of a robust U.S. economy, rising inflation and solid jobs growth. The euro remained under negative pressure as traders reacted to negative news out of Europe. The European Commission forecast on Thursday that the Italian economy would grow more slowly than Rome thinks in the next two years, leading to much bigger budget deficits than assumed by the new government. Later this afternoon, investors could be expected to turn focus to PPI data for October in the US (13:30 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 09/11/2018
Time Frame: 1 hour

EURUSD Support & Resistance Table - 09/11/2018

Support & Resistance Level Explanation
Resistance 2 1.1395 Daily R2
Resistance 1 1.1370 Daily R1
Support 1 1.1330 Daily S1
Support 2 1.1300 Daily S2

EURUSD Indicator Table - 09/11/2018

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

EURUSD Indicator / Period Table - 09/11/2018

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

EURUSD 09/11/2018 - Reference Price : 1.1348

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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