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Euro - Dollar Analysis

US Session Analysis for CFD Instruments 12/12/2024

Fundamental analysis

12 December, 2024

In European trading, the euro fell against the US Dollar, trading below the 1.0510 mark.

The upcoming interest rate decision by the ECB today is creating downward pressure on the pair as the probability of an interest rate cut is very high. In Europe, the European Central Bank will meet to decide on interest rates (3.15% expected) at (13:15 GMT). In the US, Initial Jobless Claims data (221k exp) and PPI Inflation data for November (0.2% exp) will be released (13:30 GMT).

Technical analysis

EURUSD Support & Resistance Table - 12/12/2024

Support & Resistance Level Explanation
Resistance 2 1.0551 Daily R2
Resistance 1 1.0530 Daily R1
Support 1 1.0472 Daily S1
Support 2 1.0451 Daily S2

EURUSD Indicator Table - 12/12/2024

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

EURUSD Indicator / Period Table - 12/12/2024

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

EURUSD 12/12/2024 - Reference Price : 1.0501

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