Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021 Research Department

The Eurodollar currency pair edged upwards to 1.2172 during the Asian session this morning. The Euro climbed higher on Monday. The German Ifo Business Climate for February printed at 92.4. In the United States, the Dallas Fed Manufacturing Business index for February printed at 17.2. That was an improvement over January’s figure of 7.0. The U.S. Leading Index for January was reported to be 0.5%, Month-over-Month, as expected.

Technical analysis

Time Frame: 1 hour

EURUSD Support & Resistance Table - 23/02/2021

Support & Resistance	Level	Explanation
Resistance 2	1.2215	Daily R2
Resistance 1	1.2194	Daily R1
Support 1	1.2136	Daily S1
Support 2	1.2115	Daily S2

EURUSD Indicator Table - 23/02/2021

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

EURUSD Indicator / Period Table - 23/02/2021

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

EURUSD 23/02/2021 - Reference Price : 1.2165

Buy

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

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority 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 or Belgium 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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