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 18/12/2024

Fundamental analysis

18 December, 2024

In European trading, the euro fell against the US Dollar, trading below the 1.0500 mark.

In the last week the pair has traded in a band since both the ECB and the expected FED interest rate cut are exerting pressures in opposite directions on the currency pair. In Europe, Eurozone inflation data for November was posted showing results worse than expected (2.2% vs 2.3% expected). In the US, the Fed Interest Rate Decision and Press Conference (4.5% exp) will be released / take place at 19:00 GMT and 19:30 respectively.

Technical analysis

Euro - Dollar Analysis Technical analysis 18/12/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 18/12/2024

Support & Resistance Level Explanation
Resistance 2 1.0539 Daily R2
Resistance 1 1.0521 Daily R1
Support 1 1.0473 Daily S1
Support 2 1.0455 Daily S2

EURUSD Indicator Table - 18/12/2024

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

EURUSD Indicator / Period Table - 18/12/2024

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

EURUSD 18/12/2024 - Reference Price : 1.0499

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