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

EU Session Analysis for CFD Instruments 03/10/2024

Fundamental analysis

03 October, 2024

In Asian trading, the euro fell against the US Dollar, trading above the 1.1100 mark.
The currency pair continued its recent move lower to hit a three week low which began after Fed Chair Powell tempered expectations for a sharper interest rate cut. In the Eurozone, Germany Services PMI (08:55 GMT+1) for September is expected to record 50.6. In the United States, Initial Jobless Claims data (221k expected) will be released (13:15 GMT+1). US Global Services PMI for September (55.4 exp) will be posted (14:45) and ISM Non Manufacturing PMI for September (51.6 exp) will be released (15:00).

Technical analysis

Euro - Dollar Analysis Technical analysis 03/10/2024
Time Frame: 1 hour

EURUSD Support & Resistance Table - 03/10/2024

Support & Resistance Level Explanation
Resistance 2 1.1080 Daily R2
Resistance 1 1.1057 Daily R1
Support 1 1.0995 Daily S1
Support 2 1.0972 Daily S2

EURUSD Indicator Table - 03/10/2024

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

EURUSD Indicator / Period Table - 03/10/2024

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Neutral BuyBuy
SMA 20 Sell BuyBuy

EURUSD 03/10/2024 - Reference Price : 1.1035

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