1.119
Today
-0.05%
5 Days
-0.53%
1 Month
-3.48%
6 Months
-4.48%
Year to Date
-4.70%
1 Year
-3.61%
Opening Price
1.119Previous Closing Price
1.120
The upside prevails as long as 1.1198 is support, with 1.1241 and 1.1253 as targets
below 1.1198, expect 1.1178 and 1.1166.
The upside prevails as long as 1.1198 is support, with 1.1241 and 1.1253 as targets
The EUR/USD pair struggles to gain any meaningful traction on Monday, trading around the 1.1200 mark, or nearly unchanged for the day during the early European session.
MUFG’s Lee Hardman highlights that the Euro (EUR) remains near recent lows around 1.1200 against the Dollar, pressured by fiscal and political concerns in the Euro area, especially France. IMM data show leveraged funds rebuilding short Euro positions.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD closed near 1.1200 after a volatile session that failed to generate fresh directional clues. For the day, they expect a 1.1180–1.1230 range. On a 1–3 week horizon, they retain a mildly negative stance, seeing a chance of a test of 1.1145 while capping rebounds below 1.1255 strong resistance.
The Euro (EUR) is marginally higher at around 1.1208 against the US Dollar (USD) during the Asian trading session on Monday. The major currency pair gets slight relief from the announcement of an energy ceasefire between Russia and Ukraine, which has put some pressure on oil prices.
The EUR/USD pair recovers some lost ground to near 1.1215 during the early Asian trading hours on Monday. The US Dollar (USD) softens against the Euro (EUR) after weaker-than-expected US Consumer Sentiment data.
EUR/USD reverses earlier gains on Friday and remains on track for a fifth consecutive weekly decline as the US Dollar (USD) rebounds from the previous day’s pullback. Concerns over France’s fiscal outlook also continue to weigh on sentiment toward the Euro (EUR).
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.