1.134
Today
-0.01%
5 Days
-0.95%
1 Month
-2.10%
6 Months
-1.46%
Year to Date
-3.46%
1 Year
-3.31%
Opening Price
1.134Previous Closing Price
1.134
The downside prevails as long as 1.1363 is resistance, with 1.1321 and 1.1310 as targets
above 1.1363, look for 1.1381 and 1.1392.
The downside prevails as long as 1.1363 is resistance, with 1.1321 and 1.1310 as targets
The US Dollar (USD) has accelerated its recovery, adding to the positive start to the week and clinching new multi-week tops, always helped by the persistent advance in US Treasury yields and unabated geopolitical concerns.
Alexander DeMarco, the Governor of the Central Bank of Malta and member of the Governing Council of the European Central Bank (ECB), crossed the wires on Tuesday, saying that “stronger core inflation” could be a reason for the central bank to act, saying that he supports a rate hike in October.
EUR/USD extends its decline on Tuesday, falling to its lowest level since late June as broad-based US Dollar (USD) strength keeps the Euro (EUR) under pressure. At the time of writing, EUR/USD trades around 1.1331, down 0.35% on the day.
European Central Bank (ECB) José Luis Escrivá said on Tuesday that they are still in not restrictive territory, as reported by Reuters.
Societe Generale’s FX strategy team reports EUR/USD remains under pressure, trading at a three-month low and moving toward the June low at 1.1325. The bank flags support at 1.1325 and 1.1270, with resistance at 1.1410. Widening 2-year UST/EGB spreads and upcoming US PCE and NFP data are seen pulling EUR/USD closer to these vital support levels.
The Euro (EUR) keeps heading lower on Tuesday as a mix of high US Treasury yields, strong US macroeconomic data, and hopes of further Federal Reserve (Fed) rate hikes underpins speculative support for the US Dollar.
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.
