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 08/10/2024

Fundamental analysis

08 October, 2024

In Asian trading, the euro was higher against the US Dollar, trading below the 1.1100 mark.

The currency pair has slowly grown so far this week paring some of last week’s falls after hitting an almost two month low on Friday as expectations increased of an interest rate cut at the next ECB meeting. In the Eurozone, German Trade Balance (09:30 GMT+1) for August will be revealed (18.9 bln expected). In the United States, FOMC Meeting Minutes will be published at 19:00 GMT+1.

Technical analysis

Euro - Dollar Analysis Technical analysis 08/10/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 08/10/2024

Support & Resistance Level Explanation
Resistance 2 1.1025 Daily R2
Resistance 1 1.1007 Daily R1
Support 1 1.0957 Daily S1
Support 2 1.0939 Daily S2

EURUSD Indicator Table - 08/10/2024

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

EURUSD Indicator / Period Table - 08/10/2024

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

EURUSD 08/10/2024 - Reference Price : 1.0982

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