1.118
Today
-0.17%
5 Days
-0.49%
1 Month
-1.86%
6 Months
-4.59%
Year to Date
-4.79%
1 Year
-3.78%
Opening Price
1.122Previous Closing Price
1.120
The downside prevails as long as 1.1202 is resistance, with 1.1152 and 1.1140 as targets
above 1.1202, look for 1.1223 and 1.1235.
The downside prevails as long as 1.1202 is resistance, with 1.1152 and 1.1140 as targets
EUR/USD edges lower on Monday as a rebound in the US Dollar (USD) weighs on the Euro (EUR) ahead of this week’s Federal Reserve (Fed) and European Central Bank (ECB) monetary policy decisions.
ING’s Carsten Brzeski highlights German economic resilience as the Ifo index rises for the sixth straight month to 90.2, its highest level in over three years. While the current assessment shows initial strain from higher energy prices and interest rates, expectations have improved.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the European Central Bank (ECB) is expected to hold rates at 2.50%, with markets still pricing a strong chance of a December hike to 2.75%. While contained core inflation and tighter financial conditions justify waiting, France’s fiscal and bond market strains are highlighted as a key risk that could leave EUR/USD vulnerable to further downside.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD continues to lack clear directional cues, trading in a narrower range than previously anticipated.
Commerzbank’s Thu Lan Nguyen expects the upcoming US midterm elections to have a limited impact on FX markets, even if they shift the balance of power in Washington.
ING's Chris Turner notes that resilient Eurozone PMIs contrast with France's weak growth and persistent fiscal challenges.
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.