During today’s Asian trading session, the Euro appreciated against the U.S. Dollar, surpassing the 1.0700 threshold. This movement reflects a tentative optimism in the market as traders position themselves ahead of significant economic announcements.
While the Eurozone calendar remains clear of major economic releases today, all eyes are on the United States, where the first quarter GDP data for 2024 is due. This key economic indicator is highly anticipated as it provides critical insights into the economic health of the U.S. and can significantly influence currency valuations.
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Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table – 25/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.0747 | Daily R2 |
| Resistance 1 | 1.0731 | Daily R1 |
| Support 1 | 1.0687 | Daily S1 |
| Support 2 | 1.0671 | Daily S2 |
EURUSD Indicator Table – 25/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Sell |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
EURUSD Indicator / Period Table – 25/04/2024
| Indicator / Period | Day – Buy | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Buy | Sell | Sell |
| SMA 20 | Buy | Sell | Sell |
EURUSD 25/04/2024 – Reference Price : 1.0710
| BUY | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (3)Sell (0) |
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