Today
+0.40%
5 Days
+0.28%
1 Month
-0.20%
6 Months
-5.07%
Year to Date
-4.75%
1 Year
-3.28%
Opening Price
1.114Previous Closing Price
1.114
The upside prevails as long as 1.1154 is support, with 1.1214 and 1.1227 as targets
below 1.1154, expect 1.1133 and 1.1120.
The upside prevails as long as 1.1154 is support, with 1.1214 and 1.1227 as targets
Brown Brothers Harriman (BBH) reports EUR/USD has bounced toward 1.1200 resistance after briefly trading near 1.1130, helped by lower Oil prices easing the energy drag on Eurozone growth.
Investor confidence in the Eurozone deteriorates slightly in November, according to the latest Sentix survey released on Monday. The Sentix Investor Confidence Index falls to 2.4 points from 2.7 in October.
Francesco Pesole at ING argues the recent EUR/USD drop is too sharp versus short-term rate differentials, with the pair around 2.1–2.3% undervalued in their models. He links this to tightened front-end spreads despite risk-off equities and expects EUR/USD to move back above 1.120, while ECB succession discussions should have only contained, short-lived impact on the Euro.
The Euro (EUR) appreciates about 0.4% against the US Dollar (USD) on a calm week opening, and a mild appetite for risk, which has offset the downbeat German Trade Balance data released earlier on Monday.
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.
