1.154
Today
-0.07%
5 Days
-0.71%
1 Month
-0.25%
6 Months
+1.11%
Year to Date
-1.75%
1 Year
-1.63%
Opening Price
1.155Previous Closing Price
1.155
Rebound towards 1.1568
below 1.1520, expect 1.1504 and 1.1495.
Rebound towards 1.1568
Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD is fractionally lower but stabilizing just above Monday’s one-month low in the mid/lower-1.15s.
EUR/USD remains on the back foot on Tuesday as rising US Treasury yields support the US Dollar. However, the pair lacks strong follow-through selling as traders avoid placing large bets ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.
The Euro (EUR) remains on the defensive against the US Dollar (USD) as investors brace for the first interest rate hike by the US Federal Reserve (Fed) after three years.
UOB’s Quek Ser Leang highlights renewed EUR/USD weakness after a sharper-than-expected drop below 1.1565 to 1.1522. He sees scope for a further test of 1.1520 intraday, with 1.1490 as the next key support over the coming weeks.
Germany’s ZEW Survey Economic Sentiment rose slightly to 34.7 in September from 34.2 in August, although the reading falls short of market expectations of 37.
ING’s Francesco Pesole says EUR/USD is trading close to its short-term fair value, while expectations for improving German ZEW data and the lingering impact of last week’s hawkish ECB hike offer some support to the Euro.
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.
