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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 26/02/2021

Fundamental analysis

26 February, 2021

The Eurodollar currency pair moved lower to 1.2159 during the Asian session this morning. The Euro rose on Thursday as the Greenback got hammered. The GfK German Consumer Climate for March printed at -12.9. French and Italian Consumer Confidence for February were 91 and 101.4 respectively. In the United States, Initial Jobless Claims for the past week were 730,000. That was much better than the 838,000 that had been forecast. Core Durable Goods for January printed at 1.4%, Month-over-Month. Analysts had expected only 0.7%. Pending Home Sales for January fell 2.8%, Month-over-Month. The consensus forecast was a drop of only 0.2%. The 4th Quarter GDP revision came in at 4.1%, Quarter-over-Quarter, a tenth of a percentage point less than predicted.

Technical analysis

Euro - Dollar Analysis Technical analysis 26/02/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 26/02/2021

Support & Resistance Level Explanation
Resistance 2 1.2197 Daily R2
Resistance 1 1.2177 Daily R1
Support 1 1.2123 Daily S1
Support 2 1.2103 Daily S2

EURUSD Indicator Table - 26/02/2021

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

EURUSD Indicator / Period Table - 26/02/2021

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

EURUSD 26/02/2021 - Reference Price : 1.2153

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