1.119
Today
-0.15%
5 Days
-0.43%
1 Month
-3.71%
6 Months
-4.03%
Year to Date
-4.70%
1 Year
-3.73%
Opening Price
1.120Previous Closing Price
1.121
The downside prevails as long as 1.1215 is resistance, with 1.1170 and 1.1158 as targets
above 1.1215, look for 1.1234 and 1.1246.
The downside prevails as long as 1.1215 is resistance, with 1.1170 and 1.1158 as targets
EUR/USD reverses earlier gains on Friday and remains on track for a fifth consecutive weekly decline as the US Dollar (USD) rebounds from the previous day’s pullback. Concerns over France’s fiscal outlook also continue to weigh on sentiment toward the Euro (EUR).
The Euro (EUR) is failing to capitalise on the moderate US Dollar (USD) weakness witnessed on Friday as the high Oil prices and the ongoing concerns about France’s public debt offset investors’ optimism about lower global yields.
Francesco Pesole at ING observes that EUR/USD has moved back above 1.120 on Dollar softness, but the Euro still struggles against other European currencies as markets keep pricing a French fiscal premium. He argues that French political and bond-market risks may persist, and ING still sees scope for EUR/USD to test the 1.110/1.112 area in the near term.
MUFG's Derek Halpenny highlights Europe's economic resilience following Germany's upward Gross Domestic Product (GDP) growth revisions but warns that potential European Union (EU) import restrictions and additional tariffs on Chinese goods could escalate trade tensions and weigh on the Euro (EUR).
The Euro (EUR) extends Thursday’s recovery move against the US Dollar (USD) on Friday. In the European trade, the EUR/USD pair is up 0.2% higher to near 1.1235. The Euro rebounds as yields offered on France bonds have corrected sharply.
Danske Bank strategist view the September European Central Bank (ECB) minutes as dovish relative to market pricing, arguing that they do not support the three additional rate hikes currently priced in.
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.
