1.123
Today
+0.16%
5 Days
+0.67%
1 Month
-2.23%
6 Months
-4.58%
Year to Date
-4.39%
1 Year
-3.59%
Opening Price
1.121Previous Closing Price
1.121
The downside prevails as long as 1.1243 is resistance, with 1.1187 and 1.1175 as targets
above 1.1243, look for 1.1263 and 1.1276.
The downside prevails as long as 1.1243 is resistance, with 1.1187 and 1.1175 as targets
The EUR/USD pair holds positive ground near 1.1215 during the early European session on Tuesday. However, the potential upside for the pair might be limited as violent protests in France add to concerns about the country's worsening fiscal outlook.
Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is underperforming as French protests weigh on local assets and widen spreads versus Germany.
The Euro (EUR) trades on the back foot on Monday as political concerns in France weigh on the currency, helping the US Dollar (USD) pause last week’s correction. At the time of writing, EUR/USD trades around 1.1215, down 0.21% on the day.
ING’s Francesco Pesole says EUR/USD is modestly undervalued versus short-term fair value around 1.137–1.139, but ongoing French fiscal concerns and protests may limit gains. He sees risks as balanced, with downside from France and upside from further AI-related pressure on Fed expectations, and keeps a one-month EUR/USD target at 1.130.
The EUR/USD pair struggles to capitalize on a modest intraday bounce from the 1.1185 area and retains a mildly negative bias through the early European session on Monday.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight that EUR/USD extended gains to 1.1269 before easing, with current price action seen as part of a consolidation. Intraday, the Euro (EUR) is expected to hold between 1.1180 and 1.1245. On a 1–3 week horizon, the bank has shifted to a neutral stance, looking for range trading between 1.1160 and 1.1280 after the recent rebound.
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.
