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 17/10/2024

Fundamental analysis

17 October, 2024

In European trading, the euro moved lower against the US Dollar, trading above the 1.0900 mark.

In the European session the EUR/USD fell to record a fresh more than two month low. In the Eurozone, CPI Inflation data for September came in at 1.7% Vs 1.8% expected. The ECB Interest Rate Decision (13:15) will likely see a cut of 25 basis points. In the United States, Philadelphia Fed Manufacturing Index data for October (4.2 exp) will be posted and Retail Sales data for September (0.3% exp) will be released (13:30 GMT+1).

Technical analysis

Euro - Dollar Analysis Technical analysis 17/10/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 17/10/2024

Support & Resistance Level Explanation
Resistance 2 1.0888 Daily R2
Resistance 1 1.0875 Daily R1
Support 1 1.0841 Daily S1
Support 2 1.0828 Daily S2

EURUSD Indicator Table - 17/10/2024

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 - 17/10/2024

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

EURUSD 17/10/2024 - Reference Price : 1.0858

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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