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 01/08/2023

Fundamental analysis

01 August, 2023

The EURUSD pair is trading lower today. It is currently trading at 1.0974. Germany reported Manufacturing PMI for July at 38.0 as expected. Italian Manufacturing PMI for July printed 44.5 vs 44.2 expected. Spanish Manufacturing PMI for July was reported at 47.8. The consensus was 48.3. German Employment Change for July printed -4k vs 20k expected. The United States will report ISM Manufacturing PMI for July and JOLTs Job Openings for June later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 01/08/2023
Time Frame: 1 hour

EURUSD Support & Resistance Table - 01/08/2023

Support & Resistance Level Explanation
Resistance 2 1.10391 Daily R2
Resistance 1 1.10106 Daily R1
Support 1 1.09346 Daily S1
Support 2 1.09061 Daily S2

EURUSD Indicator Table - 01/08/2023

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 - 01/08/2023

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

EURUSD 01/08/2023 - Reference Price : 1.09726

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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