Today
-0.20%
5 Days
-1.65%
1 Month
-1.08%
6 Months
-5.99%
Year to Date
-6.05%
1 Year
-4.82%
Opening Price
1.106Previous Closing Price
1.106
Rebound above 1.1032 towards 1.1093
below 1.1032, expect 1.1010 and 1.0998.
Rebound above 1.1032 towards 1.1093
EUR/USD remains on the back foot on Friday as the latest US producer inflation data draws little market reaction. The pair hovers near its lowest level since May 2025 as bets on further Federal Reserve (Fed) tightening continue to support the US Dollar (USD).
The Euro (EUR) extends losses on Friday as mixed Eurozone macroeconomic data failed to offset the broad US Dollar's (USD) strength, with US Treasury yields surging amid speculation of a large Federal Reserve (Fed) rate hike next month.
Commerzbank’s Thu Lan Nguyen revises the EUR/USD outlook as US political risk recedes and Euro area risk rises. With Trump constrained by a divided Senate, the Dollar faces fewer politically driven easing threats, while French elections and Euro area debt concerns weigh on the Euro.
The Euro (EUR) finds a temporary support near 1.1047 against the US Dollar (USD) during the European trading session on Friday.
Chris Turner at ING argues that while European Central Bank (ECB) rhetoric points to a December rate hike, markets see US tightening as more credible than in the Eurozone. Wider short-dated EUR/USD swap differentials are weighing on the pair.
TD Securities’ FX team, led by Jayati Bharadwaj and Howard Du, expects the US Dollar to remain firm as Fed rate expectations rise.
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.
