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 21/05/2021

Fundamental analysis

21 May, 2021

The Eurodollar inched upwards on Friday. It is currently 1.22229 after the dollar continued to retreat this morning. This morning German Manufacturing PMI was at 64, lower than the expected 65.9 figure. Later this morning ECB President Lagarde will speak. In the US the main economic event is Existing Home Sales to be revealed later this afternoon.

Technical analysis

Euro - Dollar Analysis Technical analysis 21/05/2021
Time Frame: 1 hour

EURUSD Support & Resistance Table - 21/05/2021

Support & Resistance Level Explanation
Resistance 2 1.2279 Daily R2
Resistance 1 1.2258 Daily R1
Support 1 1.2202 Daily S1
Support 2 1.2182 Daily S2

EURUSD Indicator Table - 21/05/2021

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

EURUSD Indicator / Period Table - 21/05/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Buy NeutralBuy
SMA 20 Buy BuyBuy

EURUSD 21/05/2021 - Reference Price : 1.2223

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