Today
-0.31%
5 Days
+0.05%
1 Month
-0.32%
6 Months
-4.35%
Year to Date
-4.78%
1 Year
-2.68%
Opening Price
1.122Previous Closing Price
1.122
The downside prevails as long as 1.1216 is resistance, with 1.1172 and 1.1159 as targets
above 1.1216, look for 1.1236 and 1.1249.
The downside prevails as long as 1.1216 is resistance, with 1.1172 and 1.1159 as targets
Industrial Output, in the Eurozone’s economic powerhouse, climbed by 0.7% over the month in September, the federal statistics authority Destatis showed on Wednesday in figures adjusted for seasonal and calendar effects.
The EUR/USD pair trades on a weaker note around 1.1195 during the early European trading hours on Friday. Markets might turn cautious later in the day ahead of the German Industrial Production, Eurozone Retail Sales and US employment reports, which are due later on Friday.
The EUR/USD pair loses ground to near 1.1215 during the early Asian session on Friday, pressured by a cautious mood. However, the potential downside for the pair might be limited amid the hawkish stance from the European Central Bank (ECB).
Eurozone producer prices rose 11.1% from a year earlier in September, and European Central Bank (ECB) President Lagarde said the data between now and December will decide a hike. The Euro has fallen anyway, against a Dollar that has recovered part of Wednesday's drop.
The US Dollar (USD) has maintained its bearish tone, building on Wednesday’s election-led marked pullback on Thursday.
European Central Bank (ECB) President Christine Lagarde crossed the wires on Thursday and said that “the current situation is made hard by the energy shock and AI pulling in opposite directions.”
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.