1.123
Today
-0.01%
5 Days
+0.66%
1 Month
-2.05%
6 Months
-4.37%
Year to Date
-4.39%
1 Year
-3.19%
Opening Price
1.123Previous Closing Price
1.123
The upside prevails as long as 1.1227 is support, with 1.1280 and 1.1292 as targets
below 1.1227, expect 1.1206 and 1.1194.
The upside prevails as long as 1.1227 is support, with 1.1280 and 1.1292 as targets
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report EUR/USD remains stuck in a tight consolidation, with intraday trade expected between 1.1210 and 1.1250 as momentum indicators stay flat. Over the next one to three weeks they see a narrower 1.1170–1.1270 band containing price action. Their medium-term view is that the early-September decline may have bottomed near 1.1112, allowing a corrective recovery above the 21-day EMA at 1.1280.
The EUR/USD pair trades in positive territory near 1.1245 during the early European trading hours on Thursday. Nonetheless, the potential upside might be limited amid fiscal concerns in France. European Central Bank (ECB) policymaker Fabio Panetta is scheduled to speak later on Thursday.
The EUR/USD pair trades with mild gains near 1.1235 during the early Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid concerns over the political and fiscal outlook in France.
France's 10-year government bond yield went above 5% on Wednesday for the first time since 2002, and the Euro hardly moved on it. EUR/USD trades just under 1.1250, and each of its four rallies since October 2 has stopped lower than the one before.
The US Dollar (USD) has navigated an inconclusive range, struggling to reverse the weekly correction, while market participants continued to assess developments from the geopolitical landscape, all amid a steady pre-Fed lull.
Antje Praefcke at Commerzbank highlights that political and rating risks in France, plus cautious European Central Bank (ECB) expectations, weigh on the Euro (EUR) but are largely priced in. Markets now see an ECB hike in December and more tightening next year, which may be revised lower.
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.
