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 23/12/2024

Fundamental analysis

23 December, 2024

In European trading, the euro fell against the US Dollar, trading below the 1.0410 mark.

After nearing a five day peak in this morning’s session the pair continued falling with various political crises in Europe as well as Trump’s potential hostile policies towards the EU exerting mid-term downward pressures on the currency pair. In Europe, Eurozone Consumer Confidence data for December (-14 expected) will be posted (15:00 GMT). In the US, CB Consumer Confidence for December (113% exp) will be released (15:00 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 23/12/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 23/12/2024

Support & Resistance Level Explanation
Resistance 2 1.0453 Daily R2
Resistance 1 1.0426 Daily R1
Support 1 1.0354 Daily S1
Support 2 1.0327 Daily S2

EURUSD Indicator Table - 23/12/2024

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

EURUSD Indicator / Period Table - 23/12/2024

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

EURUSD 23/12/2024 - Reference Price : 1.0393

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