Today
+0.01%
5 Days
-0.06%
1 Month
-0.42%
6 Months
-4.48%
Year to Date
-4.69%
1 Year
-2.95%
Opening Price
1.119Previous Closing Price
1.119
The upside prevails as long as 1.1177 is support, with 1.1228 and 1.1240 as targets
below 1.1177, expect 1.1157 and 1.1145.
The upside prevails as long as 1.1177 is support, with 1.1228 and 1.1240 as targets
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 Euro (EUR) holds a positive tone against the US Dollar (USD) on Monday, favoured by positive Eurozone factory activity data and concerns about US elections.
OCBC strategists Sim Moh Siong and Christopher Wong expect the US Dollar (USD) to stay broadly supported into 1H27, with EUR/USD potentially dipping below 1.10 as AI-related uncertainty and elevated energy prices sustain US growth and inflation premia.
Chris Turner at ING highlights Fitch’s unscheduled shift of France’s sovereign outlook to negative, which may weigh on French bonds and the Euro (EUR).
MUFG’s Lee Hardman highlights US mid-term election risks, with a potential Republican loss of Congress seen as dampening Dollar strength. A less hawkish Fed, lower US Treasury yields and pressure on US AI-related equities add downside risks for the Dollar.
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.
