CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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 18/08/2021

Fundamental analysis

18 August, 2021

The Eurodollar currency pair edged higher on Wednesday, moving to around 1.1715 levels during the Asian session this morning. The Euro tumbled on Tuesday against the Greenback. Eurozone GDP for the 2nd Quarter rose 13.6%, Year-over-Year, and climbed 2.0%, Quarter-over-Quarter. In the United States, Retail Sales for July fell 1.1%, Month-over-Month. The consensus forecast was a drop of 0.3%. U.S. Industrial production for July rose 0.9%, Month-over-Month. Analysts had expected an increase of only 0.5%.

Technical analysis

Euro - Dollar Analysis Technical analysis 18/08/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 18/08/2021

Support & Resistance Level Explanation
Resistance 2 1.1752 Daily R2
Resistance 1 1.1736 Daily R1
Support 1 1.1694 Daily S1
Support 2 1.1678 Daily S2

EURUSD Indicator Table - 18/08/2021

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

EURUSD Indicator / Period Table - 18/08/2021

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

EURUSD 18/08/2021 - Reference Price : 1.1715

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