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 29/01/2021

Fundamental analysis

29 January, 2021

The Euro moved lower to 1.2097 during the Asian session. The Euro put together an afternoon rally against the US Dollar after a morning of choppy sideways trading. Italian Consumer Confidence printed at 100.7. German CPI for January rose 0.8%, Month-over-Month. Analysts were expecting an increase of only 0.4%. In the United States, 4th Quarter GDP printed at 4.0 %, Quarter-over-Quarter, as expected. Initial Jobless Claims for the past week fell to 847,000 new claims. The consensus forecast was for 875,000 new claims.

Technical analysis

Euro - Dollar Analysis Technical analysis 29/01/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 29/01/2021

Support & Resistance Level Explanation
Resistance 2 1.2148 Daily R2
Resistance 1 1.2129 Daily R1
Support 1 1.2079 Daily S1
Support 2 1.2060 Daily S2

EURUSD Indicator Table - 29/01/2021

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

EURUSD Indicator / Period Table - 29/01/2021

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

EURUSD 29/01/2021 - Reference Price : 1.2107

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Euro - US Dollar Chart
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