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Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021

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

Euro - Dollar Analysis Technical analysis 23/02/2021
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 - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Neutral BuyBuy
SMA 20 Buy BuyBuy

EURUSD 23/02/2021 - Reference Price : 1.2165

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