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 07/12/2022

Fundamental analysis

07 December, 2022

The EUR/USD pair declined and traded at 1.0450 this morning.German Factory Orders Month-on-Month for October printed 0.8%. German Industrial Production Month-on-Month for October printed -0.1% vs -0.6% expected. Eurozone GDP Quarter-on-Quarter for Q3 will be printed later today. The United States Trade Balance for October printed -78.20B vs -80.00B. Nonfarm Productivity Quarter-on-Quarter for Q3 will be reported later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 07/12/2022
Time Frame: 1 hour

EURUSD Support & Resistance Table - 07/12/2022

Support & Resistance Level Explanation
Resistance 2 1.0533 Daily R2
Resistance 1 1.1497 Daily R1
Support 1 1.0403 Daily S1
Support 2 1.0367 Daily S2

EURUSD Indicator Table - 07/12/2022

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

EURUSD Indicator / Period Table - 07/12/2022

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

EURUSD 07/12/2022 - Reference Price : 1.0454

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