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

Euro - Dollar Analysis Technical analysis 03/04/2024

Time Frame: 1 hour

EURUSD Support & Resistance Table – 03/04/2024

Support & ResistanceLevelExplanation
Resistance 21.0808Daily R2
Resistance 11.0793Daily R1
Support 11.0755Daily S1
Support 21.0740Daily S2

EURUSD Indicator Table – 03/04/2024

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

EURUSD Indicator / Period Table – 03/04/2024

Indicator / PeriodDay – SellWeek – SellMonth – Sell
MACD( 12;26;9)SellSellSell
RSI (14)SellNeutralNeutral
SMA 20BuySellSell

EURUSD 03/04/2024 – Reference Price : 1.0773

SELLSimple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (1)Sell (2)
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