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Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 08/04/2021

Fundamental analysis

08 April, 2021

The Eurodollar currency pair inched higher, moving to around 1.1875 levels during the Asian session this morning. The Euro rose steadily on Wednesday. German Composite and Services PMI for March came in at 57.3 and 51.5. The Eurozone Composite PMI for March printed at 53.2. The United States reported its Trade Balance for February to be -$71.10 billion. Analysts had estimated -$70.50 billion.

Technical analysis

Euro - Dollar Analysis Technical analysis 08/04/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 08/04/2021

Support & Resistance Level Explanation
Resistance 2 1.1924 Daily R2
Resistance 1 1.1904 Daily R1
Support 1 1.1852 Daily S1
Support 2 1.1833 Daily S2

EURUSD Indicator Table - 08/04/2021

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

EURUSD Indicator / Period Table - 08/04/2021

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Neutral NeutralBuy
SMA 20 Buy SellBuy

EURUSD 08/04/2021 - Reference Price : 1.1872

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