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. 70.41% 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 24/08/2021

Fundamental analysis

24 August, 2021

The Eurodollar currency pair inched lower on Tuesday, moving to around 1.1739 levels during the Asian session this morning. The Euro rallied on Friday. The German manufacturing PMI came in at 62.7. The Eurozone Manufacturing PMI for August printed at 61.5. Germany’s Services PMI for August was 61.5. In the United States, the Manufacturing and Services PMI’s for August were 61.2 and 55.2. The consensus forecasts were 62.5 and 59.5 respectively. U.S. Existing Home Sales for July came in at 5.99 million, above the analysts’ estimate of 5.83 million.

Technical analysis

Euro - Dollar Analysis Technical analysis 24/08/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 24/08/2021

Support & Resistance Level Explanation
Resistance 2 1.1781 Daily R2
Resistance 1 1.1765 Daily R1
Support 1 1.1722 Daily S1
Support 2 1.1706 Daily S2

EURUSD Indicator Table - 24/08/2021

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

EURUSD Indicator / Period Table - 24/08/2021

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

EURUSD 24/08/2021 - Reference Price : 1.1742

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