1.121
Today
+0.10%
5 Days
-0.44%
1 Month
-3.35%
6 Months
-4.68%
Year to Date
-4.57%
1 Year
-3.12%
Opening Price
1.120Previous Closing Price
1.120
The upside prevails as long as 1.1175 is support, with 1.1219 and 1.1231 as targets
below 1.1175, expect 1.1154 and 1.1142.
The upside prevails as long as 1.1175 is support, with 1.1219 and 1.1231 as targets
European Central Bank (ECB) President Christine Lagarde said on Wednesday that inflation has been rising predominantly but not exclusively as a result of energy prices. Lagarde added that she’s not seeing any second round effects yet.
The EUR/USD pair 1.1205 holds positive ground near 1.1205 during the early Asian trading hours on Wednesday. The US Dollar (USD) softens against the Euro (EUR) following remarks from New York Federal Reserve (Fed) President John Williams.
Scotiabank strategists Shaun Osborne and Eric Theoret say the Euro (EUR) is marginally firmer versus the US Dollar (USD) on the softer USD tone, with ECB Governor Stournaras signalling continued gradual tightening.
EUR/USD trades on the front foot on Tuesday as a pullback in the US Dollar (USD) lifts the Euro (EUR).
Fresh downside pressure has weighed on the US Dollar (USD) on Tuesday, prompting it to recede from Monday’s fresh highs. The Greenback’s correction comes amid declining crude oil prices and mixed US Treasury yields as investors gear up for key data releases on Wednesday.
EUR/USD gains ground on Tuesday as the US Dollar (USD) retreats from recent highs, giving the Euro (EUR) some breathing room despite persistent concerns over France’s fiscal and political outlook. At the time of writing, the pair trades around 1.1192, up 0.33% on the day.
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.