1.161
Today
-0.04%
5 Days
-0.16%
1 Month
+0.56%
6 Months
-0.03%
Year to Date
-1.18%
1 Year
-0.75%
Opening Price
1.161Previous Closing Price
1.161
The downside prevails as long as 1.1649 is resistance, with 1.1597 and 1.1584 as targets
above 1.1649, look for 1.1672 and 1.1685.
The downside prevails as long as 1.1649 is resistance, with 1.1597 and 1.1584 as targets
UK data released on Friday showed that Gross Domestic Product (GDP) rose 0.4% in July, above expectations of a flat reading and following a 0.3% rise in June.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight growing downside momentum in EUR/USD after a sharp drop to 1.1591, though they see limited scope for a sustained break below 1.1585 in the very near term.
The EUR/USD pair remains under some selling pressure for the second straight day on Thursday, though it lacks follow-through and holds above the weekly low, which it touched the previous day.
The EUR/USD pair holds steady around 1.1610 during the early Asian session on Friday. Traders continue to assess a hawkish hike from the European Central Bank (ECB).
According to Reuters sources, the European Central Bank (ECB) is expected to further tighten monetary policy in the months ahead and could raise rates in October.
The European Central Bank (ECB) increased the Deposit Facility Rate to 2.50%, the Refinancing Rate to 2.65% and the Marginal Lending Facility to 2.90%, effective from September 16.
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.