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 01/11/2024

Fundamental analysis

01 November, 2024

In European trading, the euro increased against the US Dollar, trading above the 1.0800 mark.

The EUR/USD hit a fresh two week high in the Asian session but has fallen quite sharply since then as the greenback continued to firm in the European session. In Europe, Eurozone CPI Inflation data for October was 2% vs 1.9% expected. In Europe, there is no major data scheduled to be posted. In the United States, Nonfarm Payrolls and Unemployment Rate for October 108k exp and 4.1% respectively, will be released (12:30 GMT), Manufacturing PMI data for October (47.8 exp) will also be released (13:45 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 01/11/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 01/11/2024

Support & Resistance Level Explanation
Resistance 2 1.0893 Daily R2
Resistance 1 1.0880 Daily R1
Support 1 1.0844 Daily S1
Support 2 1.0830 Daily S2

EURUSD Indicator Table - 01/11/2024

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

EURUSD Indicator / Period Table - 01/11/2024

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

EURUSD 01/11/2024 - Reference Price : 1.08595

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