Today
-0.00%
5 Days
-0.25%
1 Month
-0.32%
6 Months
-5.27%
Year to Date
-4.96%
1 Year
-3.41%
Opening Price
1.116Previous Closing Price
1.116
The downside prevails as long as 1.1177 is resistance, with 1.1122 and 1.1109 as targets
above 1.1177, look for 1.1198 and 1.1211.
The downside prevails as long as 1.1177 is resistance, with 1.1122 and 1.1109 as targets
Five weeks into a 1.1100-1.1300 range, the Euro is still inside it after US consumer prices beat forecasts, though back in the lower half. It dropped to just below 1.1150, giving back nearly all of Monday's climb, and has edged back above that level.
The US Dollar (USD) has regained strong upside traction, retracing a big chunk of Monday’s pullback as investors have started to reprice another potential rate hike by the Federal Reserve in December, particularly following October inflation data.
In an interview with Bloomberg TV, Bundesbank President Joachim Nagel, also a member of the European Central Bank (ECB) Governing Council, said that “it is rather obvious that we have to increase in December,” cementing the case for a rate hike next month.
EUR/USD extends its decline on Tuesday, trading around 1.1190, down 0.28% on the day at the time of writing.
The Euro (EUR) surrenders its early gains and turns marginally lower at around 1.1220 against the US Dollar (USD) during the European trade on Tuesday.
ING’s Chris Turner projects EUR/USD to trade soft in a 1.10–1.15 range over the next four to five months as French budget politics keep a risk premium in the Euro ahead of April elections.
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.