Euro - Dollar Analysis

Morning Analysis for CFD Instruments 12/02/2019

Fundamental analysis

12 February, 2019

EUR/USD traded up 0.05% on Tuesday managing to stay above 1.1280. The pair fell yesterday to its lowest rate in more than two weeks, enough to break below 1.1280. The dollar on Monday hit a 2019 high in the eighth day of its longest rally in two years, as concerns about a trade deal with China and an economic slowdown in Europe sent investors into the safe-haven currency. China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties. Soft European data last week, on the other hand, also contributed to a buoyant dollar against a weakened single currency. The European Commission sharply cut on Thursday its forecasts for euro zone growth for this year and next, with the bloc’s largest economies expected to be held back by global trade tensions and domestic challenges. Later this afternoon, US JOLTs Job Openings for December will be released. Also this afternoon, Fed Chair Jerome Powell will speak on “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum.

Technical analysis

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

EURUSD Support & Resistance Table - 12/02/2019

Support & Resistance Level Explanation
Resistance 2 1.1359 Daily R2
Resistance 1 1.1319 Daily R1
Support 1 1.1239 Daily S1
Support 2 1.1199 Daily S2

EURUSD Indicator Table - 12/02/2019

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

EURUSD Indicator / Period Table - 12/02/2019

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

EURUSD 12/02/2019 - Reference Price : 1.1279

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