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Euro - Dollar Analysis

US Session Analysis for CFD Instruments 06/11/2024

Fundamental analysis

06 November, 2024

In European trading, the euro fell against the US Dollar, trading above the 1.0700 mark.

The EUR/USD fell sharply earlier in the session dropping to a four month low, as it became clear that Donald Trump was the likely winner of the US Presidential election. In Europe, President Lagarde of the ECB will speak (14:30 GMT). In the United States, many US Election results will be revealed today and 30 Year Bond Auction data will be posted (18:00 GMT).

Technical analysis

EURUSD Support & Resistance Table - 06/11/2024

Support & Resistance Level Explanation
Resistance 2 1.0773 Daily R2
Resistance 1 1.0755 Daily R1
Support 1 1.0709 Daily S1
Support 2 1.0691 Daily S2

EURUSD Indicator Table - 06/11/2024

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

EURUSD Indicator / Period Table - 06/11/2024

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

EURUSD 06/11/2024 - Reference Price : 1.0731

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
Odd:1.38