1.160
Today
-0.12%
5 Days
-0.13%
1 Month
+0.49%
6 Months
+0.26%
Year to Date
-1.26%
1 Year
-1.16%
Opening Price
1.161Previous Closing Price
1.161
Our next up target stands at 1.1654
below 1.1583, expect 1.1560 and 1.1547.
Our next up target stands at 1.1654
EUR/USD reverses earlier losses on Friday after the latest United States (US) Consumer Price Index (CPI) report came broadly in line with expectations and failed to trigger a strong market reaction.
Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is trading heavy around 1.1600 after a hawkish 25 bps European Central Bank (ECB) hike to 2.50%. President Lagarde called the move a “no brainer” and signaled more hikes as inflation is seen above target for an extended period.
The Euro (EUR) accelerates its reversal against the US Dollar (USD) on Friday, as the impulse from a hawkish hike by the European Central Bank (ECB) fades.
Michael Pfister at Commerzbank notes the European Central Bank (ECB) delivered a second rate hike this year and raised its inflation projections above 2%, which their economists see as pointing to another hike in December.
The Euro (EUR) trades subduedly at around 1.1608 against the US Dollar (USD) during the European trading session on Friday.
UK data released on Friday showed that Gross Domestic Product (GDP) rose 0.4% in July, above expectations of a flat reading and following a 0.3% rise in June.
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.