CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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

EU Session Analysis for CFD Instruments 16/11/2022

Fundamental analysis

16 November, 2022

The EUR/USD pair edged upwards and traded at 1.0376 this morning. Eurozone ZEW Economic Sentiment for November printed -38.7 vs -52.0. Eurozone GDP Year-on-Year for Q3 printed 2.1% as expected. GDP Quarter-on-Quarter for Q3 printed 0.2% as expected. German ZEW Economic Sentiment for November printed -36.7. The consensus was -50.0. German ZEW Current Conditions for November printed -64.5 vs -68.4 expected. The Eurozone has no events scheduled to report today. The United States reported Core PPI Month-on-Month for October at 0.0% vs 0.3% expected. PPI Month-on-Month for October printed 0.2% vs 0.4% expected. The NY Empire State Manufacturing Index for November printed 4.50 to -5.00 expected. Retail Sales Month-on-Month for October will be reported today, while Core Retail Sales Month-on-Month for October will also be printed later today.

Technical analysis

Euro - Dollar Analysis Technical analysis 16/11/2022
Time Frame: 1 hour

EURUSD Support & Resistance Table - 16/11/2022

Support & Resistance Level Explanation
Resistance 2 1.0502 Daily R2
Resistance 1 1.0450 Daily R1
Support 1 1.0310 Daily S1
Support 2 1.0258 Daily S2

EURUSD Indicator Table - 16/11/2022

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

EURUSD Indicator / Period Table - 16/11/2022

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

EURUSD 16/11/2022 - Reference Price : 1.0377

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