In today’s Asian trading session, the Euro dipped below the 1.0710 level against the US Dollar, as market participants prepare for key economic releases. Later today, the Eurozone is slated to publish its Consumer Price Index (CPI) data, an essential indicator of inflation which could influence European Central Bank policy decisions. Concurrently, the United States is gearing up to release its Consumer Confidence figures, providing insights into consumer sentiment and potential spending behaviors, which are critical underpinnings of economic momentum.
Investors are closely monitoring these developments to gauge potential shifts in monetary policy that could impact currency valuations. Notably, individuals leveraging advanced AI-driven analytical tools have successfully navigated these market nuances. Utilizing this AI technology has enabled them to predict market movements effectively, resulting in a substantial 34% return on investment in just the past 24 hours. For more detailed insights on this technological advantage, click here.
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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