During today’s Asian trading session, the Euro experienced a downturn against the US Dollar, with its value falling below the 1.0640 level. This movement highlights a cautious stance among traders, reflecting a lack of significant economic data from both the Eurozone and the United States that might otherwise influence market dynamics.
Investors are currently navigating a quiet day on the economic front, as no major announcements are scheduled for release from either the Eurozone or the U.S. This absence of data typically leads to reduced volatility; however, it also provides traders with a chance to reassess their positions based on broader market trends and geopolitical developments.
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Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table – 19/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.0675 | Daily R2 |
| Resistance 1 | 1.0655 | Daily R1 |
| Support 1 | 1.0603 | Daily S1 |
| Support 2 | 1.0583 | Daily S2 |
EURUSD Indicator Table – 19/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Neutral |
EURUSD Indicator / Period Table – 19/04/2024
| Indicator / Period | Day – Sell | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Sell | Sell | Sell |
| RSI (14) | Sell | Sell | Sell |
| SMA 20 | Sell | Sell | Sell |
EURUSD 19/04/2024 – Reference Price : 1.0630
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (0)Sell (2) |
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