1.147
Today
+0.08%
5 Days
-1.36%
1 Month
-0.81%
6 Months
-0.26%
Year to Date
-2.31%
1 Year
-3.31%
Opening Price
1.146Previous Closing Price
1.146
The downside prevails as long as 1.1512 is resistance, with 1.1452 and 1.1442 as targets
above 1.1512, look for 1.1527 and 1.1537.
The downside prevails as long as 1.1512 is resistance, with 1.1452 and 1.1442 as targets
Scotiabank strategists Shaun Osborne and Eric Theoret say EUR/USD is stabilizing after Wednesday’s Fed decision, as improving Germany-US 2-year yield spreads and a hawkish ECB stance support the euro.
EUR/USD trades modestly higher on Thursday as falling Oil prices pull US Treasury yields away from their recent highs, prompting the US Dollar to trim part of its post-Fed gains. At the time of writing, the pair trades around 1.1492, up 0.24% on the day, hovering near levels last seen on July 31.
UOB’s Quek Ser Leang highlights building downside momentum in EUR/USD as the 21‑day EMA approaches a bearish cross below the 55‑day EMA. The pair has broken below the Ichimoku cloud and key moving averages, with support at 1.1400 and subsequent levels at 1.1353 and 1.1324.
Francesco Pesole at ING highlights that EUR/USD has broken lower after a more hawkish‑than‑expected Federal Reserve meeting, with the two‑year swap differential at its widest since July.
The Euro (EUR) consolidates losses at one-and-a-half-month lows on Thursday, with the US Dollar (USD) still buoyed by the hawkish message sent by the Federal Reserve (Fed) after Wednesday’s monetary policy meeting.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has fallen for five straight sessions, closing at 1.1464 after a sharp 0.68% drop.
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.
