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 08/12/2022

Fundamental analysis

08 December, 2022

The EUR/USD pair appreciated and traded at 1.0514 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 printed 0.3% vs 0.2% expected. The United States Nonfarm Productivity Quarter-on-Quarter for Q3 printed 0.8% vs 0.6% expected. Initial Jobless claims will print later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 08/12/2022
Time Frame: 1 hour

EURUSD Support & Resistance Table - 08/12/2022

Support & Resistance Level Explanation
Resistance 2 1.0593 Daily R2
Resistance 1 1.0560 Daily R1
Support 1 1.0470 Daily S1
Support 2 1.0437 Daily S2

EURUSD Indicator Table - 08/12/2022

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

EURUSD Indicator / Period Table - 08/12/2022

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

EURUSD 08/12/2022 - Reference Price : 1.0514

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