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 22/11/2024

Fundamental analysis

22 November, 2024

In European trading, the euro fell against the US Dollar, trading above the 1.0300 mark.

The EUR/USD is falling sharply in European trading following worse than expected economic data from Germany as well as the deepening political crisis in that country . In Europe, German GDP data is released showing worse than expected results (-0.3% vs -0.2% expected) and German Service PMI also showing worse than expected results (49.4 realised vs 51.8 expected). In the United States, the US Services PMI will be published at (14:45 GMT) expecting a level of 55.0.

Technical analysis

Euro - Dollar Analysis Technical analysis 22/11/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 22/11/2024

Support & Resistance Level Explanation
Resistance 2 1.0483 Daily R2
Resistance 1 1.0457 Daily R1
Support 1 1.0387 Daily S1
Support 2 1.0361 Daily S2

EURUSD Indicator Table - 22/11/2024

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 - 22/11/2024

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

EURUSD 22/11/2024 - Reference Price : 1.0418

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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