CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 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 01/06/2021

Fundamental analysis

01 June, 2021

The Eurodollar currency pair inched higher to around 1.2227 levels during the Asian session this morning. The Euro rose sharply at the end of the trading day on Monday, after languishing most of the day. End of month adjustments by traders pushed it higher. Italy’s CPI for May came in at 0.0%, Month-over-Month. German CPI for May rose 0.5%, Month-over-Month. The consensus forecast was an increase of 0.3%. There was no economic data out of the United States on Monday since it was a national holiday.

Technical analysis

Euro - Dollar Analysis Technical analysis 01/06/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 01/06/2021

Support & Resistance Level Explanation
Resistance 2 1.22602 Daily R2
Resistance 1 1.22423 Daily R1
Support 1 1.21945 Daily S1
Support 2 1.21766 Daily S2

EURUSD Indicator Table - 01/06/2021

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

EURUSD Indicator / Period Table - 01/06/2021

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

EURUSD 01/06/2021 - Reference Price : 1.22184

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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Euro - US Dollar Chart
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