1.123
Today
+0.15%
5 Days
-0.13%
1 Month
-3.42%
6 Months
-3.74%
Year to Date
-4.42%
1 Year
-3.44%
Opening Price
1.120Previous Closing Price
1.121
The upside prevails as long as 1.1194 is support, with 1.1237 and 1.1248 as targets
below 1.1194, expect 1.1175 and 1.1163.
The upside prevails as long as 1.1194 is support, with 1.1237 and 1.1248 as targets
The EUR/USD pair holds positive ground near 1.1215 during the early Asian trading hours on Friday. Nonetheless, the potential upside for the major pair might be limited amid fears of France’s debt crisis. The Michigan Consumer Sentiment Index data for October is due later on Friday.
A sudden bout of selling pressure has weighed on the US Dollar (USD) on Thursday, motivating it to abandon the area of recent tops, all in response to comments from President Trump and the subsequent pullback in crude oil prices.
EUR/USD trades little changed during American trading hours on Thursday as a pullback in US Treasury yields tempers the US Dollar’s (USD) momentum. However, France’s fiscal concerns and broader US Dollar strength keep the Euro (EUR) pinned near the 17-month low touched earlier this week.
Deutsche Bank Research’s Germany Blog analyses August hard data, highlighting volatile one-offs in construction and manufacturing but more encouraging fundamentals.
Chris Turner at ING highlights that EUR/USD remains fragile as French sovereign debt volatility drives the pair. A report suggesting the French Treasury may shorten issuance duration unsettled investors, who fear reduced pressure on politicians to deliver fiscal consolidation. ING continues to favor a dip in EUR/USD towards the 1.1100/1.1120 area, where stronger technical support may emerge, with French fiscal debates only starting mid-October.
The Euro (EUR) is down 0.16% to near 1.1178 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair faces selling pressure as the US Dollar outperforms due to surging United States (US) bond yields.
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.