1.124
Today
+0.17%
5 Days
+0.25%
1 Month
-2.64%
6 Months
-4.75%
Year to Date
-4.32%
1 Year
-3.52%
Opening Price
1.122Previous Closing Price
1.122
The upside prevails as long as 1.1219 is support, with 1.1273 and 1.1285 as targets
below 1.1219, expect 1.1199 and 1.1186.
The upside prevails as long as 1.1219 is support, with 1.1273 and 1.1285 as targets
EUR/USD struggles to extend its gains on Friday as the US Dollar (USD) steadies after coming under heavy pressure on Thursday. At the time of writing, the pair trades around 1.1230, below an intraday high of 1.1269, but remains on track for its first weekly gain in six weeks.
Scotiabank’s Global FX Strategy team notes EUR/USD is supported by modest narrowing in front-end Eurozone–US spreads following dovish-leaning comments from Fed Chair Warsh. French OAT/Bund spreads remain wide but are seen as a limited driver for the Euro.
EUR/USD extends its recovery on Friday, trading around 1.1255 at the time of writing, up 0.32% on the day. The Euro (EUR) continues to strengthen against the US Dollar (USD), rebounding from a 16-month low of 1.1113 reached on Wednesday.
Nordea strategists note EUR/USD has already hit its H1 2027 target of 1.12 and now expect further US Dollar (USD) strength versus the Euro (EUR).
The Euro (EUR) extends its recovery move to near 1.1250 against the US Dollar (USD) in the European trading session on Friday. The major currency pair started recovering after posting a fresh 16-month low near 1.1113 on Wednesday.
ING’s Chris Turner highlights that Eurozone CPI is set to be confirmed at 3.8%, well above the ECB’s target, with markets still digesting hawkish inflation forecasts and pricing around 75bp of further tightening. He sees EUR/USD supported by US tech unease and potentially extending a consolidative move toward 1.1340/50, though he expects USD/CHF to outperform on any deeper US equity correction.
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.
