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 07/10/2022

Fundamental analysis

07 October, 2022

The Euro dollar inched lower in the Asian session. It is trading at 0.9787 against the USD. German Services PMI for September printed 45.0 vs 45.4 expected. French Services PMI for September reported 52.9. The consensus was 53.0. Spanish Services PMI for September printed 48.5 vs 49.8 expected. Italian Services PMI for September printed 48.8 vs 49.1 expected. The Eurozone Services PMI for September reported 48.8 vs 48.9 expected. German Factory Orders Month-on-Month for August reported -2.4%. Eurozone Retail Sales Month-on-Month for August will also print. The United States reported ADP Nonfarm Employment Change for September at 208k vs 200k expected. ISM Non-Manufacturing PMI for September printed 56.7 vs 56.0 expected. The United States is set to report Initial Jobless Claims later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 07/10/2022
Time Frame: 1 hour

EURUSD Support & Resistance Table - 07/10/2022

Support & Resistance Level Explanation
Resistance 2 0.9889 Daily R2
Resistance 1 0.9852 Daily R1
Support 1 0.9753 Daily S1
Support 2 0.9716 Daily S2

EURUSD Indicator Table - 07/10/2022

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

EURUSD Indicator / Period Table - 07/10/2022

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

EURUSD 07/10/2022 - Reference Price : 0.9800

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