1.139
Today
+0.13%
5 Days
-0.79%
1 Month
-2.39%
6 Months
-1.42%
Year to Date
-2.99%
1 Year
-2.32%
Opening Price
1.138Previous Closing Price
1.138
The upside prevails as long as 1.1381 is support, with 1.1420 and 1.1431 as targets
below 1.1381, expect 1.1363 and 1.1353.
The upside prevails as long as 1.1381 is support, with 1.1420 and 1.1431 as targets
The European Central Bank Vice President Boris Vujcic said that the ECB started a tightening cycle and sees a “risk of higher for longer energy prices” and added that diesel prices will stay for long, feeding into inflation.
Societe Generale’s Morning Briefing reports EUR/USD traded between 1.1359 and 1.1387 overnight and is on course for a second weekly drop. The defence of the 100‑week moving average at 1.1356 and oversold technicals suggest the correction may have run its course for now.
EUR/USD edges higher on Friday as the US Dollar pauses after a strong weekly rally, allowing the Euro to recover some ground. However, the pair remains on track for a third consecutive weekly decline.
Commerzbank’s Thu Lan Nguyen notes that the Fed’s unanimous September rate hike has temporarily restored its credibility and supported the Dollar, prompting a lower EUR/USD year-end forecast to 1.15 from 1.17.
Francesco Pesole at ING sees EUR/USD downside risks persisting, with the 1.1320–1.1330 area as key support that could be tested quickly on stronger US data or another sharp Oil move higher.
UOB’s Quek Ser Leang and Lee Sue Ann highlight that EUR/USD extended its recent slide to 1.1358, leaving conditions deeply oversold.
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.