In today’s Asian trading session, the Euro exhibited strength against the US Dollar, positioning itself above the 1.0770 threshold. This movement comes amid a quiet data day, with both the Eurozone and the United States not scheduled to release any significant economic data. This lack of new economic indicators keeps traders focused on broader market trends and external economic influences.
Investors are particularly attentive to any shifts in monetary policy expectations or international economic developments that could impact currency valuations. Notably, individuals leveraging sophisticated AI trading platforms have seen substantial success. These platforms have enabled users to effectively navigate the market, with some achieving a remarkable 34% return on investment in just the last 24 hours. Learn more about this advanced trading technology.
Technical analysis
Time Frame: 1 hour
EURUSD Support & Resistance Table – 13/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.0798 | Daily R2 |
| Resistance 1 | 1.0787 | Daily R1 |
| Support 1 | 1.0757 | Daily S1 |
| Support 2 | 1.0746 | Daily S2 |
EURUSD Indicator Table – 13/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Sell |
EURUSD Indicator / Period Table – 13/05/2024
| Indicator / Period | Day – Buy | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Buy | Neutral | Neutral |
| SMA 20 | Buy | Sell | Sell |
EURUSD 13/05/2024 – Reference Price : 1.0773
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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