Today
-0.12%
5 Days
-1.38%
1 Month
-1.10%
6 Months
-6.01%
Year to Date
-5.71%
1 Year
-4.38%
Opening Price
1.109Previous Closing Price
1.109
The downside prevails as long as 1.1116 is resistance, with 1.1069 and 1.1056 as targets
above 1.1116, look for 1.1137 and 1.1150.
The downside prevails as long as 1.1116 is resistance, with 1.1069 and 1.1056 as targets
The EUR/USD pair posts modest gains near 1.1095 during the early Asian trading hours on Thursday. However, the potential upside for the major pair might be limited by expectations of a bigger interest rate hike from the US Federal Reserve (Fed) this year.
Rabobank’s FX Strategy team argues that reduced fears of political interference at the Federal Reserve and evidence of renewed safe-haven demand support the Dollar. The bank notes that concerns over the US budget deficit and treasury market stresses could weigh on the Dollar over the medium term, but concludes that last year’s Dollar debasement fears were exaggerated.
The EUR/USD extends its losses below 1.1100 as traders digest the Fed's hawkish comments, which have increased the odds of a rate hike. At the time of writing, the pair trades at 1.1092.
The US Dollar (USD) has pushed harder, reaching levels last seen in April 2025 on the back of persistent bets over another interest rate hike by the Federal Reserve at its December gathering.
EUR/USD extends losses for the second straight day, slipping to a two-week low during Wednesday's American trading hours.
Societe Generale’s Kit Juckes notes that EUR/USD ‘fair value’ is near 1.1150 after the latest US CPI-driven rates move, leaving the pair stuck in a range. He stresses that the US economy continues to outperform and keeps a year-end EUR/USD target of 1.10. Upcoming US PPI data may draw extra focus following CPI.
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.