https://content.tmgm-dev.com/uploads/articles/gCxwGRlAHTTQfOXId9zFYoxcxHHeMnyBhbdDj6ub.png
10 Dec, 2024
5 minutes

Daily Technical Analysis:EUR/USD、Crude Oil

Welcome to our daily technical analysis of the financial markets, focusing today on EUR/USD and Crude Oil. Let's dissect the latest news, market trends, and crucial price levels to watch out for.

1. EUR/USD Analysis:
News Summary:
Euro zone investor confidence fell to more than a year low in December, a survey showed on Monday, with Germany continuing to be a drag on the bloc as snap elections next February fail to boost confidence. Data show that the Sentix investor confidence index in the Eurozone fell to -17.5 in December from -12.8 in November, the lowest level since November 2023, and the decline was greater than the market consensus estimates of -13.5.

Trend Analysis:
We can see EUR/USD H4 level fell slightly and was running near the 48 hours moving average. In addition, the MACD double line and the energy column diverged and expanded above the zero axis. The buy limit could be placed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.0490]
Key Resistance Levels: [1.0650]
Pivot Points [1.0520]

 

2. Crude Oil Analysis:

News Summary:
Increasing turmoil in the Middle East has added a geopolitical risk premium to the crude oil market outlook. OPEC+ postponed the production increase until April, indicating weak oil demand despite higher short-term oil prices. The U.S. inflation report and Fed interest rate trends remain crucial to crude oil prices and market sentiment this week. Additionally, China's easing measures are driving improved risk sentiment, which may have pushed crude prices higher.

Trend Analysis:
We can see crude oil fluctuated and fell back and ran below the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy column expanded slightly below the zero axis. The buy limit could be used, stop loss is mandatory.

Today's Key Price Levels:
Key Support Levels: [66.00]
Key Resistance Levels: [70.00]
Pivot Points [67.00]

Magsimula! Mag-sign up at i-access ang Global Markets nang wala pang 3 minuto

Bilis ng pagpapatupad na mabilis pa sa kidlat kasama ang suporta sa customer 24/7