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Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 12/06/2019

Fundamental analysis

12 June, 2019

EUR/USD was trading higher on Wednesday with the pair testing rates above 1.1330 again. The US dollar remained on the downside on Wednesday weighed by expectations the U.S. Federal Reserve could cut interest rates some time in the next few months. Expectations for a central bank rate cut this year rose last week after a number of Fed officials, including Chairman Jerome Powell, hinted they were open to easing monetary policy. In Europe, Euro zone deputy finance ministers supported on Tuesday the European Commission’s view that disciplinary action against Italy over the country’s rising debt is warranted. Later in Europe, ECB President Mario Draghi will speak at 9:15 GMT+1, while in the US, fresh monthly inflation data will be released at 13:30 GMT+1.

Technical analysis

Euro - Dollar Analysis Technical analysis 12/06/2019
Time Frame: 1 hour

EURUSD Support & Resistance Table - 12/06/2019

Support & Resistance Level Explanation
Resistance 2 1.1378 Daily R2
Resistance 1 1.1355 Daily R1
Support 1 1.1304 Daily S1
Support 2 1.1279 Daily S2

EURUSD Indicator Table - 12/06/2019

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

EURUSD Indicator / Period Table - 12/06/2019

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

EURUSD 12/06/2019 - Reference Price : 1.1331

Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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Euro - US Dollar Chart
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