USD/EUR Bearish Momentum: 0.88% Down In The Last 5 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 0.88% for the last 5 sessions. At 05:07 EST on Tuesday, 13 June, USD/EUR (USDEUR) is $0.93.

USD/EUR’s yearly highs and lows, it’s 2.629% up from its 52-week low and 11.744% 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 0.10%, a positive 0.05%, and a positive 0.38%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.31% (last week), 0.29% (last month), and 0.38% (last quarter), respectively.

News about

  • Eur/usd: levels around 1.07/1.08 might turn into a new “wait and see” level – commerzbank. According to FXStreet on Monday, 12 June, "That means it is possible that by the end of the week we will be none the wiser than now and that EUR/USD levels around 1.07/1.08 might turn into a new ‘wait and see’ level."
  • 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 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: weekly forecast 11th June – 17th June – 11 June 2023. According to DailyForex on Sunday, 11 June, "This could translate into some buying of the EUR/USD and a test of the 1.08000 level and above but also fuel some headwinds limiting upwards momentum.", "Yes, the EUR/USD did see a slight selloff before going into the weekend and will start trading tomorrow near the 1.07480 ratios."
  • Eur/usd forex signal: bullish divergence pattern forms – 12 June 2023. According to DailyForex on Monday, 12 June, "While important, these numbers will have no major impact on the EUR/USD pair since they will come after the Fed decision.", "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:’ReviewsNonPartner’,id:’horizontal-top-5′,size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});Bullish viewBuy the EUR/USD pair and set a take-profit at 1.0850."

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