CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 01/10/2024

Fundamental analysis

01 October, 2024

In European trading, the euro fell against the US Dollar, trading below the 1.1100 mark.

In the European session the currency pair declined to a more than one week low as the dollar pushed higher against most of its peers following Fed Chair Powell’s comments yesterday which suggested that more sharper rate cuts are unlikely going forward. In the Eurozone, Year on Year Eurozone CPI Inflation data (10:00 GMT+1) for September came in on target at 1.8%. In the United States, September’s Global US Manufacturing PMI (47.0 expected), ISM Manufacturing PMI (47.6 expected) and JOLT Job Openings data (7.640M) for August will be released (15:00 GMT+1).

Technical analysis

Euro - Dollar Analysis Technical analysis 01/10/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 01/10/2024

Support & Resistance Level Explanation
Resistance 2 1.1148 Daily R2
Resistance 1 1.1123 Daily R1
Support 1 1.1057 Daily S1
Support 2 1.1032 Daily S2

EURUSD Indicator Table - 01/10/2024

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

EURUSD Indicator / Period Table - 01/10/2024

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

EURUSD 01/10/2024 - Reference Price : 1.1089

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