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Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 30/07/2021

Fundamental analysis

30 July, 2021

The Eurodollar currency pair fell slightly on Friday, moving to around 1.1879 levels during the Asian session this morning. The Dollar fell on Thursday after below expectations economic data from the US. US GDP and Initial Jobless claims both disappointed with the latter coming in at 400k vs 380k exp and the Eurodollar responded by increasing. German unemployment figures for July yesterday came in better than expected. The ECB published its monetary meeting minutes yesterday, which didn’t impact the markets much. German Q2 GDP data will be released at 09:00 while Eurozone CPI for July will be revealed at 10:00 GMT+1.

Technical analysis

Euro - Dollar Analysis Technical analysis 30/07/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 30/07/2021

Support & Resistance Level Explanation
Resistance 2 1.1916 Daily R2
Resistance 1 1.1898 Daily R1
Support 1 1.1852 Daily S1
Support 2 1.1835 Daily S2

EURUSD Indicator Table - 30/07/2021

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

EURUSD Indicator / Period Table - 30/07/2021

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

EURUSD 30/07/2021 - Reference Price : 1.1875

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Euro - US Dollar Chart
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