In today’s early Asian trading session, the Euro experienced a minor decline against the US Dollar, positioning itself around the 1.0780 level. Today’s market lacks significant economic releases from both the Eurozone and the United States, suggesting potential stability in currency movements without major data-driven volatility.
Investors and traders are keeping a keen eye on the currency pair, especially those utilizing advanced AI tools. Notably, users of one such AI have observed their ability to navigate market predictions effortlessly, achieving a remarkable 34% return on investment within just the last 24 hours. Learn more about this AI.
Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table – 10/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.0808 | Daily R2 |
| Resistance 1 | 1.0793 | Daily R1 |
| Support 1 | 1.0753 | Daily S1 |
| Support 2 | 1.0738 | Daily S2 |
EURUSD Indicator Table – 10/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Sell |
EURUSD Indicator / Period Table – 10/05/2024
| Indicator / Period | Day – Buy | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| SMA 20 | Buy | Sell | Sell |
EURUSD 10/05/2024 – Reference Price : 1.0775
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (1) |
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