1.122
Today
+0.06%
5 Days
+0.15%
1 Month
-2.74%
6 Months
-4.86%
Year to Date
-4.42%
1 Year
-3.62%
Opening Price
1.122Previous Closing Price
1.122
The upside prevails as long as 1.1180 is support, with 1.1242 and 1.1255 as targets
below 1.1180, expect 1.1160 and 1.1148.
The upside prevails as long as 1.1180 is support, with 1.1242 and 1.1255 as targets
EUR/USD remains stronger after posting modest gains the previous day, trading around 1.1230 during Asian hours on Friday. The currency pair inches higher as the US Dollar (USD) declines following recent comments from key financial leaders.
The EUR/USD pair edges lower during the Asian session on Friday, retreating further from the weekly high, around the 1.1240 region, touched the previous day.
The Euro's rebound from its 17-month low came from the Dollar side, because the euro area's own news on Thursday was bad. EUR/USD climbed to just short of 1.1250, its highest since October 9, and hasn't been back there since, dipping just under 1.1200 on the US releases and recovering above it.
The US Dollar (USD) has come under strong and renewed downside pressure on Thursday, briefly revisiting the area of multi-day lows amid the equally marked decline in US Treasury yields across the board and a generalised cautious tone amid market participants.
EUR/USD trades on the front foot on Thursday as falling US Treasury yields weigh on the US Dollar (USD). However, the Euro’s (EUR) upside appears limited as stronger-than-expected US economic data reinforce hawkish Federal Reserve (Fed) expectations.
The Euro (EUR) holds onto its recovery move to near 1.1220 against the US Dollar (USD) in the European trade on Thursday. The major currency pair rebounded at the expense of the US Dollar.
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.
