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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