The Eurodollar currency pair fell to around 1.1286 levels during the Asian session this morning. The Euro fell on Friday. Eurozone Retail Sales for October rose 1.4%, Year-over-Year, and 0.2%, Month-over-Month. Germany’s Services PMI for November printed at 52.7. The Eurozone Services PMI for November came in at 55.9. In the United States, Nonfarm Payrolls Change for November printed at 210,000 new jobs, well below the consensus forecast of 550,000. The U.S. Unemployment Rate for November dropped to 4.2%, beating the analysts’ estimate of 4.5%.
Euro - Dollar Analysis
EU Session Analysis for CFD Instruments 06/12/2021
Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table - 06/12/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 1.1333 | Daily R2 |
Resistance 1 | 1.1311 | Daily R1 |
Support 1 | 1.1252 | Daily S1 |
Support 2 | 1.1230 | Daily S2 |
EURUSD Indicator Table - 06/12/2021
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 - 06/12/2021
Indicator / Period | Day - Sell | Week - Sell | Month - Sell |
MACD( 12;26;9) | Neutral | Sell | Sell |
RSI (14) | Sell | Sell | Sell |
SMA 20 | Sell | Sell | Sell |
EURUSD 06/12/2021 - Reference Price : 1.1280
Sell |
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