(VIANEWS) – USD/EUR (USDEUR) has been up by 1.85% for the last 10 sessions. At 15:12 EST on Sunday, 30 July, USD/EUR (USDEUR) is $0.91.
USD/EUR’s yearly highs and lows, it’s 2.289% up from its 52-week low and 13.452% down from its 52-week high.
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
- According to FXStreet on Friday, 28 July, "If bears push harder, EUR/USD should meet immediate contention at the temporary 55-day and 100-day SMAs at 1.0905 and 1.0902, respectively. ", "The Euro (EUR) continues to face significant pressure and loses ground against the US Dollar (USD) as the week comes to a close, resulting in EUR/USD weakening to levels not seen in three weeks, near 1.0940."
- Eur/usd price analysis: seems vulnerable below 1.1000, bears flirt with 50% fibo support. According to FXStreet on Friday, 28 July, "This, in turn, is holding back traders from placing bullish bets around the EUR/USD pair and acting as a headwind.", "The EUR/USD pair might then challenge the 100-day Simple Moving Average (SMA) near the 1.0900 mark, before dropping to the 61.8% Fibo., around the 1.0880-1.0875 zone."
- According to FXStreet on Friday, 28 July, "Pressured by the European Central Bank’s (ECB) dovish tone and the renewed US Dollar strength, EUR/USD suffered heavy losses and dropped below 1.1000 for the first time in over two weeks on Thursday. "
- Eur/usd bounces off 1.0950 support as German, US inflation cues loom. According to FXStreet on Friday, 28 July, "That said, the recently positive mood in the market, amid hopes of a sooner end to the restrictive monetary policies at major central banks, seems to weigh on the US Dollar and allow the EUR/USD to print a corrective bounce.", "The 50-day Exponential Moving Average (EMA) and a two-month-old rising support line, respectively near 1.0970 and 1.0955, restrict the EUR/USD pair’s immediate downside. "
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