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 02/05/2023

Fundamental analysis

02 May, 2023

The EUR/USD pair was lower today. It is currently 1.0955. German Manufacturing PMI for April printed 44.5 vs 44.0 expected. French Manufacturing PMI for April was reported at 45.6 vs 45.5 expected. Italian Manufacturing PMI for April printed 46.8. The consensus was 49.0. Spanish Manufacturing PMI for April printed 49.0 as expected. The Eurozone reported CPI Year-on-Year for April at 7.0% as expected. Core CPI Year-on-Year was reported at 5.6% vs 5.7% expected. The United States will be reporting JOLTs Job Openings for March later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 02/05/2023
Time Frame: 1 hour

EURUSD Support & Resistance Table - 02/05/2023

Support & Resistance Level Explanation
Resistance 2 1.1015 Daily R2
Resistance 1 1.0987 Daily R1
Support 1 1.0915 Daily S1
Support 2 1.0887 Daily S2

EURUSD Indicator Table - 02/05/2023

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 - 02/05/2023

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuySell
RSI (14) Sell BuyNeutral
SMA 20 Sell BuyBuy

EURUSD 02/05/2023 - Reference Price : 1.0957

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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