Today
-0.73%
5 Days
-0.37%
1 Month
-0.74%
6 Months
-4.74%
Year to Date
-5.18%
1 Year
-3.09%
Opening Price
1.122Previous Closing Price
1.122
The downside prevails as long as 1.1169 is resistance, with 1.1121 and 1.1108 as targets
above 1.1169, look for 1.1190 and 1.1202.
The downside prevails as long as 1.1169 is resistance, with 1.1121 and 1.1108 as targets
EUR/USD slips on Friday, erasing all gains recorded this week as stronger-than-expected US Nonfarm Payrolls (NFP) data boosts demand for the US Dollar (USD). At the time of writing, the pair trades around 1.1132, down 0.77% on the day.
Chris Turner at ING describes the Euro’s recent performance as unimpressive, with EUR/USD failing to benefit from the US tech sell-off. He argues that European investors are keeping cash in Dollars and that familiar safe-haven correlations with US Treasuries have returned.
European Central Bank (ECB) Chief Economist Philip Lane said on Friday that the energy inflation is going to influence wage negotiations and setting of prices across the economy, as reported by Reuters.
The United States (US) Bureau of Labor Statistics (BLS) is set to release October Nonfarm Payrolls (NFP) data on Friday at 13:30 GMT. The report is expected to show an increase of 65K jobs, up from 29K in the previous month.
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.