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 08/05/2024

Fundamental analysis

08 May, 2024

In Asian trading, the euro was lower against the US Dollar, trading below the 1.0740 mark.

The Eurozone is not expected to release any major data today. In the United States, no significant data is expected for release.

Technical analysis

Euro - Dollar Analysis Technical analysis 08/05/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 08/05/2024

Support & Resistance Level Explanation
Resistance 2 1.0781 Daily R2
Resistance 1 1.0763 Daily R1
Support 1 1.0715 Daily S1
Support 2 1.0697 Daily S2

EURUSD Indicator Table - 08/05/2024

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 - 08/05/2024

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

EURUSD 08/05/2024 - Reference Price : 1.0739

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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