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 20/11/2024

Fundamental analysis

20 November, 2024

In European trading, the euro fell against the US Dollar, trading above the 1.0500 mark.

The EUR/USD is losing ground in European trading following the deepening political crisis in Germany (the Government will soon hold a vote of no-confidence and new parliamentary elections are expected at the start of 2025). In Europe, German PPI figures for October were released showing better than expected results (-0.1% expected vs 0.2% realised). In the United States, Fed Member Bowman will speak (12:15 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 20/11/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 20/11/2024

Support & Resistance Level Explanation
Resistance 2 1.0608 Daily R2
Resistance 1 1.0583 Daily R1
Support 1 1.0515 Daily S1
Support 2 1.0490 Daily S2

EURUSD Indicator Table - 20/11/2024

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

EURUSD Indicator / Period Table - 20/11/2024

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

EURUSD 20/11/2024 - Reference Price : 1.0550

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