1.153
Today
-0.56%
5 Days
-0.69%
1 Month
+0.05%
6 Months
+1.05%
Year to Date
-1.81%
1 Year
-1.69%
Opening Price
1.159Previous Closing Price
1.160
The downside prevails as long as 1.1570 is resistance, with 1.1533 and 1.1523 as targets
above 1.1570, look for 1.1586 and 1.1596.
The downside prevails as long as 1.1570 is resistance, with 1.1533 and 1.1523 as targets
DBS Group Research’s Philip Wee argues that the Euro has a subtle advantage over the Dollar this week, as the European Central Bank’s recent hikes and focus on inflation underscore its institutional credibility.
ING’s Francesco Pesole highlights that EUR/USD has broken below 1.1600, with the bank maintaining a downside bias consistent with its constructive Dollar view.
Commerzbank’s Thu Lan Nguyen notes that stronger-than-expected core US inflation has pushed market pricing toward a near-certain Federal Reserve rate hike this week and higher odds of another move by year-end.
The Euro (EUR) accelerates its downtrend against the US Dollar (USD) on Monday, weighed by risk-averse markets, with Oil prices above the $100 level and a stronger US Dollar, amid rising hopes of a Federal Reserve (Fed) rate hike on Wednesday.
• Widening U.S. and Eurozone yield differentials are driving downward pressure on EURUSD. • Fragile Eurozone growth and energy costs limit further European Central Bank tightening. • Technical indicators show neutral MACD and RSI values with oversold Williams %R.
The Euro (EUR) opened the week in the same weak tone it closed the last one, as the British Pound (GBP) got a boost from strong UK Gross Domestic Product (GDP) and Industrial Production data.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
