Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 02/10/2024

Fundamental analysis

02 October, 2024

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

The currency pair fell this morning to an almost three week low, continuing yesterday’s retreat, after the dollar strengthened against most of its peers. In the Eurozone, Eurozone Unemployment Rate (10:00 GMT+1) for August is expected to record 6.4%. In the United States, September’s ADP Nonfarm Employment (124k expected) will be released (13:15 GMT+1).

Technical analysis

Time Frame: 1 hour

EURUSD Support & Resistance Table - 02/10/2024

Support & Resistance	Level	Explanation
Resistance 2	1.1119	Daily R2
Resistance 1	1.1094	Daily R1
Support 1	1.1025	Daily S1
Support 2	1.1000	Daily S2

EURUSD Indicator Table - 02/10/2024

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

EURUSD Indicator / Period Table - 02/10/2024

Indicator / Period	Day - Sell	Week - Sell	Month - Buy
MACD( 12;26;9)	Sell	Buy	Buy
RSI (14)	Sell	Sell	Buy
SMA 20	Sell	Sell	Buy

EURUSD 02/10/2024 - Reference Price : 1.1060

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (0)	Sell (3)

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