1.137
Today
-0.04%
5 Days
-0.78%
1 Month
-2.58%
6 Months
-2.03%
Year to Date
-3.15%
1 Year
-3.72%
Opening Price
1.138Previous Closing Price
1.138
The downside prevails as long as 1.1402 is resistance, with 1.1360 and 1.1350 as targets
above 1.1402, look for 1.1420 and 1.1430.
The downside prevails as long as 1.1402 is resistance, with 1.1360 and 1.1350 as targets
The Euro (EUR) faces slight selling pressure against the US Dollar (USD), retreating from intraday high of around 1.1400 to near 1.1380 as the Greenback rises, following hawkish remarks from New York Federal Reserve (Fed) Bank John Willams, who is a permanent voting member.
Derek Halpenny at MUFG argues that widening French OAT/Bund spreads and global fixed income risk aversion are adding to negative momentum for the Euro. Political and fiscal uncertainties in France, including a large planned consolidation and budget risks, weigh on sentiment.
The Euro (EUR) licks its wounds against the US Dollar (USD) on Thursday, trading around 1.1380, near the lowest level of the last two months, after falling nearly 2% in less than two weeks.
Danske Bank’s Danske Research Team notes that strong US PMIs and hawkish Federal Reserve pricing weighed on EUR/USD. The composite PMI rose sharply, driving expectations for another Fed rate hike in October and pulling EUR/USD below 1.14.
The EUR/USD pair drifts lower for the third straight day, hitting a fresh low since July 28 during the Asian session on Thursday, though it lacks follow-through.
The EUR/USD pair loses ground to near 1.1380 during the early Asian trading hours on Thursday. The major pair extends its downside as hawkish signals from the US Federal Reserve (Fed) boost the US Dollar (USD) against the Euro (EUR).
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.