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 02/01/2025

Fundamental analysis

02 January, 2025

In Asian trading, the euro slightly increased against the US Dollar, trading above the 1.0350 mark.

The EUR/USD fell around 6% last year, with the ECB likely to cut interest rates more sharply than the Federal Reserve in 2025. In Europe Eurozone Manufacturing PMI for December (45.2) will be posted (8:45 GMT) as well as German Manufacturing PMI (42.5) at 8:55 GMT. In the US, Initial jobless claims will be released (13:30 GMT) as well as Manufacturing PMI for December (14:45 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 02/01/2025
Time Frame: 1 hour

EURUSD Support & Resistance Table - 02/01/2025

Support & Resistance Level Explanation
Resistance 2 1.0426 Daily R2
Resistance 1 1.0398 Daily R1
Support 1 1.0324 Daily S1
Support 2 1.0296 Daily S2

EURUSD Indicator Table - 02/01/2025

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

EURUSD Indicator / Period Table - 02/01/2025

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

EURUSD 02/01/2025 - Reference Price : 1.0362

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