During today’s Asian trading session, the Euro exhibited stability against the US Dollar, hovering around the 1.0720 level. This steadiness comes at a time when the financial markets are poised for upcoming economic disclosures.

The Eurozone calendar is light today, with no significant economic releases scheduled. However, investors are keenly awaiting the Personal Consumption Expenditures (PCE) Index data from the United States. The PCE Index, a critical measure of inflation closely watched by the Federal Reserve, could influence the central bank’s monetary policy decisions in the coming months.

It’s important to note that some investors have leveraged AI technology to navigate these economic updates, with remarkable success. Reports indicate that users of a specific AI system were able to predict market movements effectively, achieving a 34% return on investment within the last 24 hours. For more insights on how this technology is changing the investment landscape, click here.

Technical analysis

Euro - Dollar Analysis Technical analysis 26/04/2024

Time Frame: 1 hour

EURUSD Support & Resistance Table – 26/04/2024

Support & ResistanceLevelExplanation
Resistance 21.0764Daily R2
Resistance 11.0747Daily R1
Support 11.0701Daily S1
Support 21.0684Daily S2

EURUSD Indicator Table – 26/04/2024

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

EURUSD Indicator / Period Table – 26/04/2024

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

EURUSD 26/04/2024 – Reference Price : 1.0724

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (0)

Technical analysis

Euro - Dollar Analysis Technical analysis 26/04/2024

Time Frame: 1 hour

EURUSD Support & Resistance Table – 26/04/2024

Support & ResistanceLevelExplanation
Resistance 21.0764Daily R2
Resistance 11.0747Daily R1
Support 11.0701Daily S1
Support 21.0684Daily S2

EURUSD Indicator Table – 26/04/2024

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

EURUSD Indicator / Period Table – 26/04/2024

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

EURUSD 26/04/2024 – Reference Price : 1.0724

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (0)
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