1.123
Today
+0.17%
5 Days
+0.68%
1 Month
-2.22%
6 Months
-4.57%
Year to Date
-4.38%
1 Year
-3.58%
Opening Price
1.121Previous Closing Price
1.121
The upside prevails as long as 1.1217 is support, with 1.1270 and 1.1282 as targets
below 1.1217, expect 1.1197 and 1.1185.
The upside prevails as long as 1.1217 is support, with 1.1270 and 1.1282 as targets
EUR/USD extends its intraday advance during American trading hours on Tuesday as Oil prices reverse sharply following reports of progress toward renewed US-Iran negotiations, pushing the US Dollar (USD) and US Treasury yields lower.
Scotiabank strategists Shaun Osborne and Eric Theoret highlight EUR/USD around 1.1212, noting the Euro (EUR) is underperforming peers as Eurozone bond-market tensions persist. The elevated French OAT/Bund spread reflects ongoing social and fiscal strains. While the German ZEW survey shows some improvement in current conditions, expectations softened, and the bank characterizes the Eurozone economy as remaining in a slow recovery phase, limiting Euro (EUR) upside.
EUR/USD holds modest gains during American trading hours on Tuesday as the US Dollar (USD) struggles to gain traction following its recent pullback. However, sentiment toward the Euro (EUR) remains fragile amid France’s fiscal and political troubles, limiting the pair’s upside.
Commerzbank’s Thu Lan Nguyen analyzes EUR/USD’s sharp decline since September, initially driven by broad US Dollar strength and later by Euro-specific concerns over France’s public finances.
The Euro (EUR) surrenders its early gains against the US Dollar (USD) and flattens at around 1.1213 during the European trading session on Tuesday. The major currency pair falls back as the US Dollar rebounds strongly due to a further increase in oil prices.
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.
