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Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 14/02/2020

Fundamental analysis

14 February, 2020

EUR/USD remained on the downside on Friday testing its lowest rate since April 2017 (1.08259). The US dollar remained supported by recent positive economic data in the US. Data yesterday showed that US Inflation rose 2.50% annually in January, beating analysts’ expectations for a rate of 2.40%. Core inflation rose 2.3% annually, exceeding analysts’ expectations for a rate of 2.2%. The US Weekly Initial Jobless Claims came in at 205K, amid expectations for a figure of 210K. Later in Germany, fresh GDP data for quarter four of 2019 will be released at 7:00 GMT. In the Eurozone, Q4 GDP data will be released at 10:00 GMT. In the US, Retail Sales data for January will be released at 13:30 GMT. At 14:15 GMT, US Industrial Production for January will be released, too.

Technical analysis

Euro - Dollar Analysis Technical analysis 14/02/2020
Time Frame: 1 hour

EURUSD Support & Resistance Table - 14/02/2020

Support & Resistance Level Explanation
Resistance 2 1.0905 Daily R2
Resistance 1 1.0872 Daily R1
Support 1 1.0805 Daily S1
Support 2 1.0774 Daily S2

EURUSD Indicator Table - 14/02/2020

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

EURUSD Indicator / Period Table - 14/02/2020

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

EURUSD 14/02/2020 - Reference Price : 1.0836

Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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14/02/20 - Friday / Analysis
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