During today’s Asian trading session, the Euro experienced a downturn against the US Dollar, positioning itself beneath the 1.0710 threshold. This movement occurs ahead of key economic data releases anticipated later in the day.
Market participants are poised for the release of Consumer Price Index (CPI) data from the Eurozone, which could provide fresh insights into inflation trends and influence European Central Bank policy decisions. Concurrently, in the United States, the focus will shift to the upcoming Consumer Confidence index, which is crucial for gauging consumer sentiment and potential future spending.
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Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table – 30/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.0737 | Daily R2 |
| Resistance 1 | 1.0719 | Daily R1 |
| Support 1 | 1.0673 | Daily S1 |
| Support 2 | 1.0655 | Daily S2 |
EURUSD Indicator Table – 30/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Buy |
| SMA 100 | Sell |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Sell |
EURUSD Indicator / Period Table – 30/04/2024
| Indicator / Period | Day – Sell | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| SMA 20 | Sell | Sell | Sell |
EURUSD 30/04/2024 – Reference Price : 1.0694
| SELL | Simple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (1)Sell (2) |
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