1.161USD
Today
-0.09%
5 Days
-0.07%
1 Month
-0.90%
6 Months
+0.16%
Year to Date
-1.12%
1 Year
+2.52%
Opening Price
1.162Previous Closing Price
1.162The 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.
Short positions below 1.1645 with targets at 1.1605 & 1.1590 in extension.
above 1.1645 look for further upside with 1.1660 & 1.1675 as targets.
short positions below 1.1645 with targets at 1.1605 & 1.1590 in extension.
The EUR/USD pair trades in negative territory around 1.1620 during the early Asian session on Thursday. Escalating tensions between the United States (US) and Iran continue to weigh on riskier assets, such as the Euro (EUR), against the US Dollar (USD).
The Greenback traded in a vacillating fashion on Wednesday, always against the backdrop of the unabated uncertainty surrounding the Middle East conflict, at the time when bets for Fed rate hikes continued to gather pace.
The Euro advances by 0.21% on Wednesday as risk appetite improves on news that Iran presented a draft framework to the US to end the conflict, which was cheered by financial markets. At the time of writing, the EUR/USD trades at 1.1649 after bouncing off daily lows of 1.1623.
Commerzbank’s Antje Praefcke expects the European Central Bank (ECB) to raise rates in June, largely as a symbolic move, with markets already pricing this in.
MUFG’s Derek Halpenny says rising European yields reflect expectations that the ECB will deliver a 25bp rate hike on 11 June, with baseline inflation projections set to be revised higher.
ING’s Chris Turner notes EUR/USD remains sluggish despite progress toward a US–Iran agreement that could reopen the Strait of Hormuz and despite hawkish ECB commentary from Philip Lane and Isabel Schnabel.
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