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 06/12/2024

Fundamental analysis

06 December, 2024

In Asian trading, the euro decreased against the US Dollar, trading below the 1.0600 mark.
The EUR/USD was slightly lower ahead of crucial NFP data this afternoon and after the pair hit a one week high yesterday. German Industrial Production data for October (1.0% expected) will be released (07:00 GMT) and Eurozone Q3 GDP figures (0.9% expected) will be posted (10:00 GMT). In the US, Nonfarm Payrolls (202k expected) and Unemployment Rate (4.2% exp) data will be released (13:30 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 06/12/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 06/12/2024

Support & Resistance Level Explanation
Resistance 2 1.0624 Daily R2
Resistance 1 1.0603 Daily R1
Support 1 1.0547 Daily S1
Support 2 1.0526 Daily S2

EURUSD Indicator Table - 06/12/2024

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

EURUSD Indicator / Period Table - 06/12/2024

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

EURUSD 06/12/2024 - Reference Price : 1.0575

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