CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% 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 all your money. Read full risk warning.

Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 07/01/2021

Fundamental analysis

07 January, 2021

The Euro traded down 0.10% at the start of the European session, to stay above the mark of 1.2300. The US dollar rose in volatility after reports that protesters in Washington stormed the US Capitol on Wednesday to increase uncertainty as Bide’s certification resumed on Thursday. In the United States the ADP Nonfarm Employment Change for December fell by 123,000 jobs. The consensus forecast was an increase of 88,000. Factory Orders for November rose 1.0%, Month-over-Month, beating the analysts’ forecast of 0.7%.

Technical analysis

Euro - Dollar Analysis Technical analysis 07/01/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 07/01/2021

Support & Resistance Level Explanation
Resistance 2 1.23696 Daily R2
Resistance 1 1.23473 Daily R1
Support 1 1.22879 Daily S1
Support 2 1.22656 Daily S2

EURUSD Indicator Table - 07/01/2021

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

EURUSD Indicator / Period Table - 07/01/2021

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

EURUSD 07/01/2021 - Reference Price : 1.23176

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