Today
-0.03%
5 Days
-0.37%
1 Month
-1.97%
6 Months
-4.70%
Year to Date
-4.90%
1 Year
-3.89%
Opening Price
1.117Previous Closing Price
1.117
The downside prevails as long as 1.1202 is resistance, with 1.1152 and 1.1140 as targets
above 1.1202, look for 1.1223 and 1.1235.
The downside prevails as long as 1.1202 is resistance, with 1.1152 and 1.1140 as targets
The EUR/USD pair extends the decline near 1.1170 during the early Asian trading hours on Tuesday, pressured by risk-off sentiment. Markets might turn cautious later in the day ahead of the US Federal Reserve (Fed) and European Central Bank (ECB) interest rate decisions later this week.
Germany's Ifo survey beat its forecast on Monday, and EUR/USD was back under its pre-release level by the 11th five-minute bar. Dollar buying ahead of the Federal Open Market Committee (FOMC) meeting, which ends Wednesday, then took it to its lowest since October 15.
The US Dollar (USD) has started the week in an auspicious fashion, further extending its recovery to the area of multi-day highs. The Greenback’s extra strength has followed a mixed tone in US Treasury yields amid a generalised cautious stance among market participants.
EUR/USD edges lower on Monday as a rebound in the US Dollar (USD) weighs on the Euro (EUR) ahead of this week’s Federal Reserve (Fed) and European Central Bank (ECB) monetary policy decisions.
ING’s Carsten Brzeski highlights German economic resilience as the Ifo index rises for the sixth straight month to 90.2, its highest level in over three years. While the current assessment shows initial strain from higher energy prices and interest rates, expectations have improved.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the European Central Bank (ECB) is expected to hold rates at 2.50%, with markets still pricing a strong chance of a December hike to 2.75%. While contained core inflation and tighter financial conditions justify waiting, France’s fiscal and bond market strains are highlighted as a key risk that could leave EUR/USD vulnerable to further downside.
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.