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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% 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 25/01/2021

Fundamental analysis

25 January, 2021

The Euro edged higher to 1.2178 during the Asian session. The Euro moved sideways in rough trading on Friday, bouncing from negative to positive multiple times on the day, only to finish roughly unchanged. PMI’s were mixed between Services and Manufacturing and among different countries and the Eurozone as a whole. German Manufacturing PMI for January was reported to be 57.0. German Services PMI for January printed at 46.8. In France Manufacturing PMI for January was 51.5 and Services PMI came in at 46.5. In the United States both Services and Manufacturing PMI’s for January beat their forecasts. The Services came in at 57.5 vs. 53.6 expected, and the Manufacturing was 59.1 vs. 56.5 expected. Existing Home Sales in the United States for December rose 0.7%. The consensus forecast was a decline of 2.0%.

Technical analysis

Euro - Dollar Analysis Technical analysis 25/01/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 25/01/2021

Support & Resistance Level Explanation
Resistance 2 1.2214 Daily R2
Resistance 1 1.2198 Daily R1
Support 1 1.2155 Daily S1
Support 2 1.2139 Daily S2

EURUSD Indicator Table - 25/01/2021

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

EURUSD Indicator / Period Table - 25/01/2021

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

EURUSD 25/01/2021 - Reference Price : 1.2173

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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Euro - US Dollar Chart
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