Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 11/01/2019

Fundamental analysis

11 January, 2019

EUR/USD rose 0.23% on Friday to test a session high 1.15299 after it fell yesterday to a session low of 1.14826. The dollar fell versus its major peers on Friday, as investors grew increasingly confident that the U.S. Federal Reserve may hit the pause button on monetary tightening this year. Fed Chairman Jerome Powell reiterated on Thursday the U.S. central bank has the ability to be patient on monetary policy given that inflation remains stable. Markets are now pricing in no further rate hikes by the Fed this year. Fed Vice Chair Richard Clarida also struck a dovish tone, underscoring the central bank’s willingness to remain patient on the issue of raising rates. The euro, on the other hand, has been pressured by a slew of weaker-than-expected economic data, especially from France and Germany. The European Central Bank is widely expected to remain accommodative in 2019, which should keep a lid on the single currency. Later this afternoon (13:30 GMT), US Inflation data for December will be in the focus of many market participants.

Technical analysis

Euro - Dollar Analysis Technical analysis 11/01/2019
Time Frame: 1 hour

EURUSD Support & Resistance Table - 11/01/2019

Support & Resistance Level Explanation
Resistance 2 1.1604 Daily R2
Resistance 1 1.1564 Daily R1
Support 1 1.1484 Daily S1
Support 2 1.1444 Daily S2

EURUSD Indicator Table - 11/01/2019

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

EURUSD Indicator / Period Table - 11/01/2019

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

EURUSD 11/01/2019 - Reference Price : 1.1526

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