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 05/11/2024

Fundamental analysis

05 November, 2024

In Asian trading, the pair inched upwards against the US Dollar, trading below the 1.0900 mark.

The EUR/USD was largely range bound in the Asian session after recording an almost three week high yesterday. In Europe, President Lagarde of the ECB will speak (14:30 GMT). In the United States, the Presidential Election will be held today. Major US data releases today include Global Services PMI (55.3 expected) for October (14:45 GMT) and ISM Non Manufacturing PMI (53.7 exp) for October (15:00 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 05/11/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 05/11/2024

Support & Resistance Level Explanation
Resistance 2 1.0917 Daily R2
Resistance 1 1.0900 Daily R1
Support 1 1.0854 Daily S1
Support 2 1.0837 Daily S2

EURUSD Indicator Table - 05/11/2024

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

EURUSD Indicator / Period Table - 05/11/2024

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuySell
SMA 20 Buy BuySell

EURUSD 05/11/2024 - Reference Price : 1.0877

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Euro - US Dollar Chart
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