1.122
Today
-0.30%
5 Days
-1.54%
1 Month
-3.39%
6 Months
-2.56%
Year to Date
-4.48%
1 Year
-4.42%
Opening Price
1.126Previous Closing Price
1.125
Rebound above 1.1181 towards 1.1242
below 1.1181, expect 1.1161 and 1.1150.
Rebound above 1.1181 towards 1.1242
The US Dollar (USD) has picked up extra pace on Monday, reaching fresh tops on the back of persistent safe-haven demand, while fiscal concerns in Europe continued to weigh on the broader risk complex.
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Euro (EUR) is underperforming major currencies, with EUR/USD briefly hitting 1.1161, its lowest since May 2025. Elias Haddad flags France’s budget crisis spilling into wider Eurozone bond markets and complicating potential European Central Bank (ECB) Transmission Protection Instrument activation, leaving the Euro pressured by rising fiscal risk and expectations of a shallower ECB hiking cycle.
EUR/USD falls 0.60% on Monday and trades around 1.1190 at the time of writing. The pair remains under pressure as the US Dollar (USD) maintains positive momentum, supported in part by elevated US Treasury yields, while political and fiscal concerns in Europe weigh on the Euro (EUR).
Societe Generale strategists highlight renewed Euro (EUR) weakness as widening European spreads and US Dollar (USD) demand push EUR/USD below 1.12, far from the European Central Bank's (ECB) technical assumption of 1.16 for 2026-28.
OCBC’s Christopher Wong notes that widening Eurozone bond spreads and fragmentation concerns are tightening financial conditions and putting renewed pressure on the Euro.
DBS strategist Philip Wee explains that EUR/USD’s four-week decline reflects shifting risk balances, with renewed Federal Reserve (Fed) tightening overshadowing the European Central Bank (ECB) and France’s fiscal issues overshadowing US concerns.
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.
