Euro - Dollar Analysis

EU Session Analysis for CFD Instruments 08/01/2025

Fundamental analysis

08 January, 2025

In Asian trading, the euro edged higher against the US Dollar, trading above the 1.0340 mark.

The currency pair has stabilised after a study by Reuters was published showing that the euro is not likely to fall to parity, however it will remain weak in the foreseeable future. In Europe German Factory Orders for November were posted showing worse than expected results (-0.3% expected vs -5.4% realised) and German Retail Sales were posted (0,5% expected vs -0,6% realised). In the US, ADP Nonfarm Employment for December (136k exp) and Initial Jobless Claims (214k exp) will be released (13:30 GMT).

Technical analysis

Time Frame: 1 hour

EURUSD Support & Resistance Table - 08/01/2025

Support & Resistance	Level	Explanation
Resistance 2	1.0431	Daily R2
Resistance 1	1.0387	Daily R1
Support 1	1.0317	Daily S1
Support 2	1.0291	Daily S2

EURUSD Indicator Table - 08/01/2025

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

EURUSD Indicator / Period Table - 08/01/2025

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

EURUSD 08/01/2025 - Reference Price : 1.0354

Buy

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

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