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. 70.41% 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 29/08/2024

Fundamental analysis

29 August, 2024

In Asian trading, the euro edged higher against the US Dollar, trading above the 1.1100 mark.

In the Eurozone German CPI Inflation data will be released this afternoon. In the United States, US GDP and Initial Jobless Claims data will be posted this afternoon.

Technical analysis

Euro - Dollar Analysis Technical analysis 29/08/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 29/08/2024

Support & Resistance Level Explanation
Resistance 2 1.1181 Daily R2
Resistance 1 1.1161 Daily R1
Support 1 1.1108 Daily S1
Support 2 1.1088 Daily S2

EURUSD Indicator Table - 29/08/2024

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

EURUSD Indicator / Period Table - 29/08/2024

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

EURUSD 29/08/2024 - Reference Price : 1.1135

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