Today
+0.26%
5 Days
+0.96%
1 Month
+0.06%
6 Months
-3.68%
Year to Date
-4.14%
1 Year
-1.94%
Opening Price
1.123Previous Closing Price
1.123
The upside prevails as long as 1.1198 is support, with 1.1274 and 1.1286 as targets
below 1.1198, expect 1.1178 and 1.1166.
The upside prevails as long as 1.1198 is support, with 1.1274 and 1.1286 as targets
The EUR/USD pair gathers strength to near 1.1245 during the early Asian trading hours on Thursday. The US Dollar (USD) weakens against the Euro (EUR) as the Democrats take control of the US Congress in midterm elections. Germany’s Factory Orders data for September is due later on Thursday.
On Wednesday, Emmanuel Moulin, the Governor of the Banque de France and a Governing Council member of the European Central Bank (ECB), said that “banks can deal with rising rates.”
EUR/USD trades on the front foot on Wednesday, supported by broad US Dollar (USD) weakness following the US midterm election results. However, the pair eases from an intraday high of 1.1273 as resilient US economic data helps the Greenback regain some ground.
The US Dollar (USD) has traded broadly on the back foot on Wednesday, at some point retreating to the area of five-week lows as market participants were assessing the Democrats’ stunning victory at the US midterm elections.
Scotiabank analysts say the Euro (EUR) is firmer near 1.1240, slightly off intraday highs around 1.1265, with gains broadly tracking the softer US Dollar (USD) after the US midterms.
EUR/USD attracts fresh buyers on Wednesday as the US midterm election results rattle the US Dollar (USD), helping the Euro (EUR) reclaim 1.1200. The technical picture also improves, suggesting bulls are regaining a foothold after the pair touched 1.1104 last week, its lowest level since May 2025.
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.
