1.146
Today
+0.00%
5 Days
-0.72%
1 Month
-1.82%
6 Months
-0.92%
Year to Date
-2.39%
1 Year
-2.39%
Opening Price
1.147Previous Closing Price
1.146
The downside prevails as long as 1.1461 is resistance, with 1.1414 and 1.1404 as targets
above 1.1461, look for 1.1479 and 1.1490.
The downside prevails as long as 1.1461 is resistance, with 1.1414 and 1.1404 as targets
The Euro (EUR) is failing to draw any support from the moderate risk appetite triggered by the recent pullback in Oil prices and extends losses against the US Dollar (USD) on Tuesday, hitting fresh seven-week lows below 1.1450.
EUR/USD remains subdued for the second successive day, trading around 1.1460 during the European hours on Tuesday. The pair faces challenges as the US Dollar (USD) recovers its daily losses amid prevailing hawkish sentiment surrounding the Federal Reserve (Fed) policy stance.
Francesco Pesole at ING highlights that EUR/USD short-term fair value from the bank’s 60‑day model has fallen below 1.150, with equities and rate differentials driving moves more than Oil.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a bearish bias on EUR/USD after the pair closed lower near 1.1465.
The EUR/USD pair trades in positive territory around 1.1475 during the early European session on Tuesday. The Euro (EUR) edges higher against the US Dollar (USD) amid improved risk sentiment as traders pinned their hopes on US-Iran talks.
The EUR/USD pair trades with mild gains near 1.1470 during the early Asian trading hours on Tuesday. Middle East diplomacy hopes provide some support to the riskier assets such as the Euro (EUR) against the US Dollar (USD). Traders await the Fedspeak later on Tuesday for fresh impetus.
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.