(VIANEWS) – USD/EUR (USDEUR) has been up by 1.31% for the last 10 sessions. At 11:13 EST on Tuesday, 16 May, USD/EUR (USDEUR) is $0.92.
USD/EUR’s yearly highs and lows, it’s 2.063% up from its 52-week low and 12.23% down from its 52-week high.
Volatility
USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.19%, 0.08%, and 0.42%, respectively.
USD/EUR’s highest amplitude of average volatility was 0.37% (last week), 0.35% (last month), and 0.42% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/EUR’s Forex is considered to be oversold (<=20).
News about
- Eur/usd price analysis: grinds higher within falling wedge, 1.0940 is the key hurdle. According to FXStreet on Tuesday, 16 May, "With this, the EUR/USD portrayed a two-week-long falling wedge bullish pattern as the oversold RSI (14) favored the buyers. ", "Following that, the mid-March swing high of 1.0760 will be in the spotlight as a break of which could give control to the EUR/USD bears."
- Eur/usd to peak at 1.20 before descending to 1.15 toward the back-end of 2024 – ING. According to FXStreet on Monday, 15 May, "Economists at ING expect the Fed to cut rates by 100 bps and US-Eurozone divergence to drive EUR/USD to a 1.20 peak. ", "The widening of the US-eurozone and Fed-ECB divergence in the latter part of this year and the start of next year led us to revise our EUR/USD forecast higher: we now expect a peak at 1.20 in 4Q23/1Q23, before a descent to 1.15 toward the back-end of 2024 as the ECB starts easing."
- Eur/usd forex signal: sell-off has room to run before rebounding – 15 May 2023. According to DailyForex on Monday, 15 May, "The EUR/USD exchange rate continued its bearish trend, helped by the strong US dollar. ", "The key EUR/USD news on Monday will be the upcoming EU economic forecasts report by the European Commission. "
- Eur/usd could see a break below 1.0800 followed by another leg lower to the 1.0700/1.0750 area – ING. According to FXStreet on Monday, 15 May, "Still, we don’t expect EUR/USD weakness to last beyond the near term."
More news about USD/EUR (USDEUR).
