Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 30/10/2024

Fundamental analysis

30 October, 2024

In Asian trading, the pair inched lower against the US Dollar, trading above the 1.0800 mark.

The EUR/USD was under pressure during the Asian session after two days of gains, amid consideration that the ECB may opt for a sharper rate cut of 0.5% in December. In Europe, Q3 German GDP for October (-0.3% expected) will be posted (09:00 GMT) and German CPI Inflation for October (1.8%) will be revealed (13:00 GMT). In the United States, ADP Nonfarm Employment Change for October (101k exp) will be released (12:15 GMT) and Q3 GDP figures (3% exp) will be revealed (12:30 GMT).

Technical analysis

Time Frame: 1 hour

EURUSD Support & Resistance Table - 30/10/2024

Support & Resistance	Level	Explanation
Resistance 2	1.0838	Daily R2
Resistance 1	1.0827	Daily R1
Support 1	1.0799	Daily S1
Support 2	1.0789	Daily S2

EURUSD Indicator Table - 30/10/2024

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

EURUSD Indicator / Period Table - 30/10/2024

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

EURUSD 30/10/2024 - Reference Price : 1.08151

Buy

Simple Moving Average	Buy (2)	Sell (1)
Technical Indicators - Oscillators	Buy (3)	Sell (0)

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