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. 70.91% 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 28/10/2022

Fundamental analysis

28 October, 2022

The EUR/USD pair appreciated and traded at 0.9988. The European Central Bank raised Interest Rates 75 basis points as expected. Germany will report Q3 GDP later today. German CPI Year-on-Year for October is also set to print. Spain, Italy and France will report Q3 GDP later today. All three will also report CPI Year-on-Year later today. The United States reported GDP for Q3 at 2.6% vs 2.4% expected. Core Durable Goods Orders Month-on-Month for September printed -0.5% vs 0.2% expected. Initial Jobless Claims printed 217k vs 220k expected. The Core PCE Price Index Month-on-Month for September is set to print later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 28/10/2022
Time Frame: 1 hour

EURUSD Support & Resistance Table - 28/10/2022

Support & Resistance Level Explanation
Resistance 2 1.00840 Daily R2
Resistance 1 1.00400 Daily R1
Support 1 0.99229 Daily S1
Support 2 0.98789 Daily S2

EURUSD Indicator Table - 28/10/2022

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

EURUSD Indicator / Period Table - 28/10/2022

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Buy BuySell
SMA 20 Neutral BuySell

EURUSD 28/10/2022 - Reference Price : 0.99815

Buy
Simple Moving AverageBuy (2)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Euro - US Dollar Chart
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