During today’s trading session in Asia, the euro exhibited a marginal increase in value when compared to the US Dollar, consistently trading above the threshold of 1.0770.
Later in the day, the Eurozone is scheduled to unveil its Consumer Price Index (CPI) figures for March. Similarly, the United States is set to announce its Service Sector Purchasing Managers’ Index (PMI) for the same period, providing critical insights into the service industry’s performance.
Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table – 03/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.0808 | Daily R2 |
| Resistance 1 | 1.0793 | Daily R1 |
| Support 1 | 1.0755 | Daily S1 |
| Support 2 | 1.0740 | Daily S2 |
EURUSD Indicator Table – 03/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Buy |
EURUSD Indicator / Period Table – 03/04/2024
| Indicator / Period | Day – Sell | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Sell | Sell | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| SMA 20 | Buy | Sell | Sell |
EURUSD 03/04/2024 – Reference Price : 1.0773
| SELL | Simple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (1)Sell (2) |