CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 70.91% 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 all your money. Read full risk warning.

Euro - Dollar Analysis

US Session Analysis for CFD Instruments 31/12/2024

Fundamental analysis

31 December, 2024

In European trading, the euro was lower against the US Dollar, trading below the 1.0420 mark.

This currency is facing pressure from a stronger dollar which is supported by the market friendly upcoming Trump administration as well as the fact that investors believe that the ECB will cut interest rates more often in 2025 than the FED. In Europe, no major data will be released today. In the US, House Price Index data for October (0.5% exp) will be released (14:00 GMT).

Technical analysis

Euro - Dollar Analysis Technical analysis 31/12/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 31/12/2024

Support & Resistance Level Explanation
Resistance 2 1.0438 Daily R2
Resistance 1 1.0426 Daily R1
Support 1 1.0396 Daily S1
Support 2 1.0384 Daily S2

EURUSD Indicator Table - 31/12/2024

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

EURUSD Indicator / Period Table - 31/12/2024

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

EURUSD 31/12/2024 - Reference Price : 1.0417

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