In the latest session from the Asian markets, the Euro witnessed a minor decline against the US Dollar, positioning itself beneath the 1.0830 level. This subtle movement highlights the ever-present volatility and nuanced shifts within the forex trading environment.

On the horizon for today, the Eurozone stands quiet with no significant economic announcements expected. Conversely, the attention of investors and market analysts alike shifts towards the United States, which is slated to unveil its Nonfarm Payrolls and Unemployment Rate figures. These metrics are pivotal, offering deep insights into the labor market’s health and, by extension, the broader economic landscape. Such data not only influences currency valuations but also shapes investor sentiment and policy decisions.

Technical analysis

Euro - Dollar Analysis Technical analysis 05/04/2024

Time Frame: 1 hour

EURUSD Support & Resistance Table – 05/04/2024

Support & ResistanceLevelExplanation
Resistance 21.0864Daily R2
Resistance 11.0847Daily R1
Support 11.0803Daily S1
Support 21.0786Daily S2

EURUSD Indicator Table – 05/04/2024

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

EURUSD Indicator / Period Table – 05/04/2024

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

EURUSD 05/04/2024 – Reference Price : 1.0825

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

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