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. 70.91% 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 23/10/2024

Fundamental analysis

23 October, 2024

In Asian trading, the euro increased against the US Dollar, trading above the 1.0800 mark.

EUR/USD rose during the Asian session on Wednesday following its more than two month low recorded yesterday after reports suggested multiple interest rate cuts from the ECB in the coming months are likely. President Lagarde of the European Central Bank will speak (15:00 GMT+1). In the United States, Fed Member Bowman will speak (14:00 GMT+1) and Existing Home Sales data (3.88 mln expected) will be posted (15:00 GMT+1).

Technical analysis

Euro - Dollar Analysis Technical analysis 23/10/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 23/10/2024

Support & Resistance Level Explanation
Resistance 2 1.0838 Daily R2
Resistance 1 1.0822 Daily R1
Support 1 1.0781 Daily S1
Support 2 1.0766 Daily S2

EURUSD Indicator Table - 23/10/2024

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 - 23/10/2024

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

EURUSD 23/10/2024 - Reference Price : 1.0802

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