CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 73.43% 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

US Session Analysis for CFD Instruments 04/01/2023

Fundamental analysis

04 January, 2023

The EUR/USD pair was lower today. It is currently 1.0619. French, German PMI for December printed 49.2 vs 49.0 expected. Italian Services PMI for December printed 49.9 vs 49.5 expected. Spanish Services PMI for December was reported at 51.6. The consensus was 50.8. The Eurozone reported the S&P Global Composite PMI for December at 49.3 vs 48.8 expected. The United States is set to report ISM Manufacturing PMI and JOLTs Job Openings later today. The FOMC Meeting minutes will be released tonight.

Technical analysis

Euro - Dollar Analysis Technical analysis 04/01/2023
Time Frame: 1 hour

EURUSD Support & Resistance Table - 04/01/2023

Support & Resistance Level Explanation
Resistance 2 1.0652 Daily R2
Resistance 1 1.0633 Daily R1
Support 1 1.0580 Daily S1
Support 2 1.0561 Daily S2

EURUSD Indicator Table - 04/01/2023

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

EURUSD Indicator / Period Table - 04/01/2023

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

EURUSD 04/01/2023 - Reference Price : 1.0606

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