In today’s Asian trading session, the Euro appreciated against the US Dollar, crossing the 1.0700 threshold. This movement signals a robust start for the Euro, despite a lack of significant economic data releases from the Eurozone today.
Attention is now turning towards the United States, where the market anticipates the release of the Durable Goods Orders data. This indicator is crucial as it provides insights into the health of the US manufacturing sector and could potentially influence currency fluctuations. Depending on the outcomes, this data might either reinforce the Euro’s gains or curtail its upward momentum.
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Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table – 24/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.0745 | Daily R2 |
| Resistance 1 | 1.0727 | Daily R1 |
| Support 1 | 1.0677 | Daily S1 |
| Support 2 | 1.0659 | Daily S2 |
EURUSD Indicator Table – 24/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Sell |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Sell |
EURUSD Indicator / Period Table – 24/04/2024
| Indicator / Period | Day – Buy | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Sell | Sell | Sell |
| SMA 20 | Buy | Sell | Sell |
EURUSD 24/04/2024 – Reference Price : 1.0701
| BUY | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (1)Sell (2) |
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