1.142
Today
-0.20%
5 Days
-1.01%
1 Month
-2.16%
6 Months
-1.25%
Year to Date
-2.73%
1 Year
-3.20%
Opening Price
1.145Previous Closing Price
1.145
The downside prevails as long as 1.1458 is resistance, with 1.1416 and 1.1405 as targets
above 1.1458, look for 1.1475 and 1.1486.
The downside prevails as long as 1.1458 is resistance, with 1.1416 and 1.1405 as targets
Commerzbank’s Thu Lan Nguyen discusses EUR/USD in light of rising hopes for de-escalation in the Middle East. She notes the US Dollar (USD) has gained as rate expectations shifted in favor of the United States, with Euro Area inflation seen more energy-sensitive.
The EUR/USD pair remains under some selling pressure for the third straight day, touching a fresh low since July 29, around the 1.1425 region, during the Asian session on Wednesday.
The EUR/USD pair loses ground to near 1.1445 during the early Asian trading hours on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) on the hawkish stance of the US Federal Reserve (Fed) and the prospect of further interest rate hikes.
About 80% of the Euro's August rally is gone. EUR/USD climbed from near 1.1350 at the end of July to just above 1.1700 in the second half of August, and on Tuesday it dipped under 1.1450 to its lowest since late July before recovering to trade near that level.
The Bundesbank President and European Central Bank (ECB) member Joachim Nagel crossed the wires at a financial event in London, where he acknowledged that high energy prices had driven inflation off its 2026 target.
The US Dollar (USD) has extended its recovery on Tuesday, climbing to new multi-week highs on the back of steady bets for extra Fed tightening, while increasing hopes of a potential deal to unlock the US-Iran-Hormuz conflict seem to have been ignored by market participants.
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.
