Today
-0.03%
5 Days
+0.23%
1 Month
+0.08%
6 Months
-4.80%
Year to Date
-4.49%
1 Year
-3.01%
Opening Price
1.122Previous Closing Price
1.122
The upside prevails as long as 1.1192 is support, with 1.1250 and 1.1263 as targets
below 1.1192, expect 1.1171 and 1.1158.
The upside prevails as long as 1.1192 is support, with 1.1250 and 1.1263 as targets
The US Dollar (USD) has partially faded Friday’s strong advance, coming under fresh downside pressure following reignited speculation over a probable US-Iran agreement, which in turn weighed heavily on crude oil prices.
EUR/USD trades on the front foot on Monday as the US Dollar (USD) softens alongside Oil prices, with traders weighing the latest diplomatic developments between the US and Iran. At the time of writing, the pair trades around 1.1203, up 0.55% on the day.
Brown Brothers Harriman (BBH) reports EUR/USD has bounced toward 1.1200 resistance after briefly trading near 1.1130, helped by lower Oil prices easing the energy drag on Eurozone growth.
Investor confidence in the Eurozone deteriorates slightly in November, according to the latest Sentix survey released on Monday. The Sentix Investor Confidence Index falls to 2.4 points from 2.7 in October.
Francesco Pesole at ING argues the recent EUR/USD drop is too sharp versus short-term rate differentials, with the pair around 2.1–2.3% undervalued in their models. He links this to tightened front-end spreads despite risk-off equities and expects EUR/USD to move back above 1.120, while ECB succession discussions should have only contained, short-lived impact on the Euro.
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.