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 04/11/2022

Fundamental analysis

04 November, 2022

The EUR/USD pair was lower and traded at 0.9781. Eurozone Unemployment printed 6.6% as expected. German Factory Orders Month-on-Month for September are set to print later today. German, French and Spanish Services PMI for October will also print. Eurozone Service PMI for October will be reported later today. The United States reported ISM Non-Manufacturing PMI for October at 54.4 vs 55.5 expected. Initial Jobless Claims printed 217k vs 220k expected. Nonfarm Payrolls for October are set to print later today. The Unemployment Rate for October is also set to print.

Technical analysis

Euro - Dollar Analysis Technical analysis 04/11/2022
Time Frame: 1 hour

EURUSD Support & Resistance Table - 04/11/2022

Support & Resistance Level Explanation
Resistance 2 0.9860 Daily R2
Resistance 1 0.9828 Daily R1
Support 1 0.9741 Daily S1
Support 2 0.9709 Daily S2

EURUSD Indicator Table - 04/11/2022

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

EURUSD Indicator / Period Table - 04/11/2022

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

EURUSD 04/11/2022 - Reference Price : 0.9776

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Euro - US Dollar Chart
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