1.120
Today
-0.12%
5 Days
-0.16%
1 Month
-2.16%
6 Months
-4.30%
Year to Date
-4.64%
1 Year
-3.53%
Opening Price
1.121Previous Closing Price
1.121
The downside prevails as long as 1.1239 is resistance, with 1.1189 and 1.1177 as targets
above 1.1239, look for 1.1260 and 1.1272.
The downside prevails as long as 1.1239 is resistance, with 1.1189 and 1.1177 as targets
EUR/USD trades on the back foot on Friday as the US Dollar (USD) regains some ground alongside US Treasury yields following Thursday’s decline.
Francesco Pesole at ING notes that widening French OAT-Bund and OAT-BTP spreads have yet to materially weigh on the euro, but warns that sensitivity to French sovereign risk could return rapidly if spreads approach 200bp.
EUR/USD declines for the third consecutive day on Friday, trading around 1.1200, down 0.12% on the day at the time of writing.
Brown Brothers Harriman (BBH) strategist Elias Haddad reports EUR/USD trading defensively below 1.1200 after weaker-than-expected Eurozone PMI, which still signals robust growth.
The United States (US) S&P Global preliminary Purchasing Managers Indices (PMIs) for October will be released on Friday, providing fresh insights into the health of the world's largest economy ahead of next week's Federal Reserve (Fed) monetary policy meeting.
Commerzbank economists, led by Dr. Jörg Krämer and colleagues, expect the Fed and ECB to keep rates unchanged in October but deliver 25 bps hikes in December, with policy then staying slightly restrictive as inflation trends lower into 2027.
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.