1.148
Today
-0.08%
5 Days
-1.05%
1 Month
-1.72%
6 Months
-0.82%
Year to Date
-2.29%
1 Year
-2.29%
Opening Price
1.148Previous Closing Price
1.149
The downside prevails as long as 1.1492 is resistance, with 1.1453 and 1.1443 as targets
above 1.1492, look for 1.1510 and 1.1521.
The downside prevails as long as 1.1492 is resistance, with 1.1453 and 1.1443 as targets
Danske Research Team notes that EUR/USD consolidated below 1.15 on Friday as European yields moved higher, with Bund yields rising amid increased French sovereign risk.
The Euro (EUR) trades practically flat, just above 0.8570 against the British Pound (GBP) on Monday, holding losses after Friday’s reversal from the 0.8600 area.
The EUR/USD pair struggles to capitalize on Friday's modest bounce from the vicinity of mid-1.1400s, or the lowest level since late July, and edges lower at the start of a new week. Spot prices currently trade around the 1.1475 region and seem vulnerable amid rising geopolitical tensions.
The EUR/USD pair posts modest gains near 1.1485 during the early Asian session on Monday. However, the potential upside for the major pair might be limited amid the US Federal Reserve’s (Fed) hawkish hike and ongoing Middle East tensions.
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is posting a small gain versus the US Dollar (USD) as EUR/USD extends Thursday’s modest recovery and attempts to stabilize after the latest FOMC meeting.
EUR/USD remains on the defensive on Friday and heads for a weekly loss as the Federal Reserve’s (Fed) hawkish policy outlook keeps the US Dollar (USD) firmly supported. A rebound in Oil prices and US Treasury yields adds pressure on the pair.
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.