1.121
Today
+0.51%
5 Days
+0.15%
1 Month
-2.91%
6 Months
-4.94%
Year to Date
-4.54%
1 Year
-3.40%
Opening Price
1.115Previous Closing Price
1.116
The upside prevails as long as 1.1180 is support, with 1.1242 and 1.1255 as targets
below 1.1180, expect 1.1160 and 1.1148.
The upside prevails as long as 1.1180 is support, with 1.1242 and 1.1255 as targets
The US Dollar (USD) has come under strong and renewed downside pressure on Thursday, briefly revisiting the area of multi-day lows amid the equally marked decline in US Treasury yields across the board and a generalised cautious tone amid market participants.
EUR/USD trades on the front foot on Thursday as falling US Treasury yields weigh on the US Dollar (USD). However, the Euro’s (EUR) upside appears limited as stronger-than-expected US economic data reinforce hawkish Federal Reserve (Fed) expectations.
The Euro (EUR) holds onto its recovery move to near 1.1220 against the US Dollar (USD) in the European trade on Thursday. The major currency pair rebounded at the expense of the US Dollar.
Commerzbank’s Antje Praefcke highlights that political uncertainty in France and renewed US rate hike expectations are weighing on the Euro against the Dollar. She notes that stronger US inflation has revived October Fed hike pricing, even as Commerzbank still expects no move until December.
The Euro (EUR) is up 0.5% at around 1.1220 against the US Dollar (USD) during the early European trading session on Thursday after extending is Wednesday’s recovery move.
The EUR/USD pair gathers strength to near 1.1215 during the Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid lingering concerns about France’s fiscal health.
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.
