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 01/11/2021

Fundamental analysis

01 November, 2021

The Eurodollar currency pair decreased to around 1.1566 levels during the Asian session this morning.

The euro zone’s central bank decided to keep interest rates and its monetary policy stance unchanged despite ongoing inflationary pressures. The central bank announced in September it would be buying fewer bonds as a result of surging consumer prices. Markets were fairly muted after the ECB’s rate announcement, but southern European bond yields spiked after Lagarde’s comments.Some saw Lagarde's comments as not as forceful in affirming the ECB's dovish position as the market expected.

Technical analysis

Euro - Dollar Analysis Technical analysis 01/11/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 01/11/2021

Support & Resistance Level Explanation
Resistance 2 1.16178 Daily R2
Resistance 1 1.15925 Daily R1
Support 1 1.15251 Daily S1
Support 2 1.14998 Daily S2

EURUSD Indicator Table - 01/11/2021

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

EURUSD Indicator / Period Table - 01/11/2021

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

EURUSD 01/11/2021 - Reference Price : 1.15588

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