CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 16/09/2020

Fundamental analysis

16 September, 2020

The EUR/USD pair inched higher this morning around 1.1848. The Euro’s rally was interrupted on Tuesday when the US Dollar found strength, and closed lower. A group of 50 moderate lawmakers in the US House of Representatives have put forward a $1.5 trillion compromise bill. The White House has been aware of it and would probably sign it if it passed the House and Senate. In Europe, the German ZEW Economic Sentiment for September printed at 77.4. That beat the consensus forecast of 69.8. Wager in the Eurozone rose 5.20%, Year-over-Year,for the 2nd Quarter. In the United States the NY Empire State Manufacturing Index for September beat the estimate of 6.00 and printed at 17.00. However, Industrial and Manufacturing Production for August fell short of the consensus forecasts coming in at 0.4% and 1.0%, Month-over-Month, respectively.

Technical analysis

Euro - Dollar Analysis Technical analysis 16/09/2020
Time Frame: 1 hour

EURUSD Support & Resistance Table - 16/09/2020

Support & Resistance Level Explanation
Resistance 2 1.1899 Daily R2
Resistance 1 1.1877 Daily R1
Support 1 1.1819 Daily S1
Support 2 1.1797 Daily S2

EURUSD Indicator Table - 16/09/2020

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

EURUSD Indicator / Period Table - 16/09/2020

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

EURUSD 16/09/2020 - Reference Price : 1.1843

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States, Belgium or France and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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