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

Euro - Dollar Analysis Technical analysis 24/04/2024

Time Frame: 1 hour

EURUSD Support & Resistance Table – 24/04/2024

Support & ResistanceLevelExplanation
Resistance 21.0745Daily R2
Resistance 11.0727Daily R1
Support 11.0677Daily S1
Support 21.0659Daily S2

EURUSD Indicator Table – 24/04/2024

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

EURUSD Indicator / Period Table – 24/04/2024

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

EURUSD 24/04/2024 – Reference Price : 1.0701

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

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