CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Euro - Dollar Analysis

US Session Analysis for CFD Instruments 20/12/2024

Fundamental analysis

20 December, 2024

In European trading, the euro fell against the US Dollar, trading below the 1.0400 mark.

After this morning's rise the currency pair is experiencing a fall ahead of PCE inflation data from the US which is exerting positive pressure on the dollar. In Europe, Eurozone Consumer Confidence data for December (-14 expected) will be posted (15:00 GMT). In the US, Core PCE Price Index for November (2.9% exp) will be released (13:30 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 20/12/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 20/12/2024

Support & Resistance Level Explanation
Resistance 2 1.0441 Daily R2
Resistance 1 1.0416 Daily R1
Support 1 1.0350 Daily S1
Support 2 1.0325 Daily S2

EURUSD Indicator Table - 20/12/2024

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 - 20/12/2024

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

EURUSD 20/12/2024 - Reference Price : 1.0380

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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