(VIANEWS) – USD/EUR (USDEUR) has been up by 1.55% for the last 21 sessions. At 12:07 EST on Monday, 12 June, USD/EUR (USDEUR) is $0.93.
USD/EUR’s yearly highs and lows, it’s 3.184% up from its 52-week low and 11.267% down from its 52-week high.
Volatility
USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.21%, a positive 0.04%, and a positive 0.39%, respectively.
USD/EUR’s highest amplitude of average volatility was 0.27% (last week), 0.29% (last month), and 0.39% (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 overbought (>=80).
News about
- Eur/usd flat-lines around mid-1.0700s, traders await US CPI and FOMC decision this week. According to FXStreet on Monday, 12 June, "The key data/event will provide more cues on the Federal Reserve’s near-term policy outlook, which, in turn, will determine the next leg of a directional move for the US Dollar (USD) and provide some meaningful impetus to the EUR/USD pair.", "This, along with rising bets for additional rate hikes by the European Central Bank (ECB), continues to lend support to the EUR/USD pair."
- Eur/usd price analysis: rising wedge lures euro bears as fed, ECB decisions loom, 1.0720 eyed. According to FXStreet on Monday, 12 June, "However, a convergence of the 50-SMA and the aforementioned rising wedge’s bottom line, close to 1.0720, appears a tough nut to crack for the EUR/USD bears to crack.", "Alternatively, EUR/USD recovery needs to defy the rising wedge bearish chart pattern by crossing the 1.0790 hurdle, quickly followed by the 1.0800 psychological resistance, to convince the Euro buyers."
- Eur/usd forex signal: bullish divergence pattern forms – 12 June 2023. According to DailyForex on Monday, 12 June, "The EUR/USD pair moved sideways on Monday ahead of the busiest week of the month. ", "While important, these numbers will have no major impact on the EUR/USD pair since they will come after the Fed decision."
- Eur/usd could see a retest of last week's low at 1.0635 – ING. According to FXStreet on Monday, 12 June, "That happens to be our baseline view and one of the reasons we think EUR/USD will find a base in the 1.05/1.07 area this month before pushing to 1.15+ by year-end.", "It seems too early for the ECB to drop its inflation guard, but a hawkish Fed story could be dominating and EUR/USD could see a retest of last week’s low at 1.0635."
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