CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 02/02/2023

Fundamental analysis

02 February, 2023

The EUR/USD pair increased and traded at 1.1017 this morning. The European Central Bank is set to make an Interest Rate decision later today, with the markets forecasting a 50 basis point rate hike to 2.50%. The United States reported Nonfarm Unemployment Change at 106k vs 178k expected. JOTLs Job Openings for December printed 11.012m vs 10.250m expected. ISM Manufacturing PMI for January printed 47.4. The consensus was 48.0. Initial Jobless Claims is set to print later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 02/02/2023
Time Frame: 1 hour

EURUSD Support & Resistance Table - 02/02/2023

Support & Resistance Level Explanation
Resistance 2 1.1073 Daily R2
Resistance 1 1.1045 Daily R1
Support 1 1.0969 Daily S1
Support 2 1.0941 Daily S2

EURUSD Indicator Table - 02/02/2023

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

EURUSD Indicator / Period Table - 02/02/2023

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

EURUSD 02/02/2023 - Reference Price : 1.1005

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
Share It With Your Network
Euro - US Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now