Today
-0.16%
5 Days
+0.02%
1 Month
-0.68%
6 Months
-4.64%
Year to Date
-4.85%
1 Year
-3.11%
Opening Price
1.119Previous Closing Price
1.119
The downside prevails as long as 1.1201 is resistance, with 1.1151 and 1.1139 as targets
above 1.1201, look for 1.1221 and 1.1233.
The downside prevails as long as 1.1201 is resistance, with 1.1151 and 1.1139 as targets
Francesco Pesole at ING notes EUR/USD is trying to establish support around 1.1200 after a strong start to the week. A Democratic sweep could offer some help, but he does not foresee major sentiment changes.
The Euro (EUR) trades marginally higher at around 1.1195 against the US Dollar (USD) during the European trading session on Tuesday. The EUR/USD pair ticks up as the US Dollar is under pressure amid caution ahead of United States (US) Midterm elections later in the day.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD rebounded but failed to sustain gains, reinforcing a short-term consolidation view.
The EUR/USD pair trades with a mild negative bias during the Asian session on Tuesday, looking to extend the previous day's modest pullback from the 1.1235 area, or a one-and-a-half-week top.
About half of the Euro's climb on a weaker Dollar has already gone. EUR/USD rose from a session low just above 1.1150 to just under 1.1250, its highest since October 22, before falling back to just under 1.1200. It went through Friday's high on the way up and is trading back inside Friday's range.
EUR/USD trades with a bullish bias on Monday but lacks upside momentum as the US Dollar (USD) trims part of its earlier decline, while traders assess fresh Middle East headlines that sent Oil prices tumbling.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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