In recent trading sessions within Asia, the Euro has exhibited an upward trajectory against the US Dollar, firmly positioning itself above the 1.0840 threshold.

This financial landscape is poised for further developments as the Eurozone is scheduled to unveil its Services Purchasing Managers’ Index (PMI) data shortly. Similarly, the United States is on the cusp of disclosing its Initial Jobless Claims figures. These economic indicators are pivotal, as they provide a snapshot of the service sector’s health and labor market trends, respectively, offering crucial insights into the broader economic health of these regions.

The anticipation surrounding these economic releases has generated a flurry of activity within the investment community. Astute investors and market analysts closely monitor these indicators, as they can significantly influence currency valuations and, by extension, investment strategies.

The interplay between the forthcoming economic indicators and advanced technological tools underscores a dynamic investment landscape. For the ordinary individual, understanding these elements can unveil opportunities to engage with the market more confidently and potentially realize significant gains.

Technical analysis

Euro - Dollar Analysis Technical analysis 04/04/2024

Time Frame: 1 hour

EURUSD Support & Resistance Table – 04/04/2024

Support & ResistanceLevelExplanation
Resistance 21.0885Daily R2
Resistance 11.0868Daily R1
Support 11.0822Daily S1
Support 21.0805Daily S2

EURUSD Indicator Table – 04/04/2024

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

EURUSD Indicator / Period Table – 04/04/2024

Indicator / PeriodDay – BuyWeek – SellMonth – Sell
MACD( 12;26;9)NeutralSellSell
RSI (14)BuyNeutralNeutral
SMA 20BuySellSell

EURUSD 04/04/2024 – Reference Price : 1.0845

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (0)

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