CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.52% 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 20/05/2021

Fundamental analysis

20 May, 2021

The Eurodollar currency pair inched higher to around 1.2182 levels during the Asian session this morning. The Eurodollar fell firmly lower yesterday in a dramatic day dictated by swinging bond yields and negativity. Eurozone CPI Inflation was broadly in line with expectations yesterday. Later in the session Federal Reserve meeting minutes showed participants agreed the U.S. economy remained far from the central bank’s goals, with some eyeing a future discussion of tapering its bond buying program.

Technical analysis

Euro - Dollar Analysis Technical analysis 20/05/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 20/05/2021

Support & Resistance Level Explanation
Resistance 2 1.2227 Daily R2
Resistance 1 1.2206 Daily R1
Support 1 1.2152 Daily S1
Support 2 1.2131 Daily S2

EURUSD Indicator Table - 20/05/2021

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

EURUSD Indicator / Period Table - 20/05/2021

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

EURUSD 20/05/2021 - Reference Price : 1.2178

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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Euro - US Dollar Chart
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