Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 05/02/2021

Fundamental analysis

05 February, 2021

The Eurodollar currency pair inched lower to 1.1957 during the Asian session. The Euro continued its slide on Thursday, breaching the 1.20 level. In Germany, the IHS Markit Construction PMI for January printed at 46.1. In the Eurozone, Retail Sales for December rose 0.6%, Year-over-Year, and 2.0%, Month-over-Month. In the United States, Initial Jobless Claims for the past week were reported to be 779,000. That figure was better than the 830,000 that had been forecast. Factory Orders for December rose 1.1%. The consensus forecast was an increase of 0.7%.

Technical analysis

Time Frame: 1 hour

EURUSD Support & Resistance Table - 05/02/2021

Support & Resistance	Level	Explanation
Resistance 2	1.2007	Daily R2
Resistance 1	1.1988	Daily R1
Support 1	1.1940	Daily S1
Support 2	1.1921	Daily S2

EURUSD Indicator Table - 05/02/2021

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

EURUSD Indicator / Period Table - 05/02/2021

Indicator / Period	Day - Sell	Week - Buy	Month - Buy
MACD( 12;26;9)	Sell	Buy	Buy
RSI (14)	Buy	Buy	Buy
SMA 20	Sell	Buy	Buy

EURUSD 05/02/2021 - Reference Price : 1.1965

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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