(VIANEWS) – EUR/USD (EURUSD) has been up by 0.7577% for the last session’s close. At 09:08 EST on Wednesday, 12 June, EUR/USD (EURUSD) is $1.08.
Eur/usd price analysis: bears await US CPI and fed decision before placing fresh bets
Furthermore, oscillators on the daily chart are holding in the negative territory, suggesting that the path of least resistance for the EUR/USD pair is to the downside. , The EUR/USD pair oscillates in a narrow range during the Asian session on Wednesday and consolidates its losses registered over the past three days, to the 1.0720 area, or the lowest level since early May touched the previous day.
EUR/USD (EURUSD) Range
Concerning EUR/USD’s daily highs and lows, it’s 0.773% up from its trailing 24 hours low of $1.07 and 0.744% up from its trailing 24 hours high of $1.07.
EUR/USD’s yearly highs and lows, it’s 3.598% up from its 52-week low and 3.991% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/USD’s Forex is considered to be overbought (>=80).
Previous days news about EUR/USD (EURUSD)
- Eur/usd struggles near three-week low, seems vulnerable below 100-day sma/1.0800. According to FXStreet on Monday, 10 June, "The EUR/USD pair remains under some selling pressure for the second straight day and drops to over a three-week low during the Asian session on Monday. ", "This, along with the cautious mood around the equity markets, is seen underpinning the safe-haven US Dollar (USD) and turning out to be a key factor exerting some downward pressure on the EUR/USD pair."
- Eur/usd looks for balance after off-kilter wobble, US CPI and fed projections loom ahead. According to FXStreet on Monday, 10 June, "A two-day backslide has dragged EUR/USD back below the 200-day Exponential Moving Average (EMA) at 1.0806, and near-term corrections will run aground of descending trendlines from 2024’s peak bids near 1.1140."
- Eur/usd price analysis: not out of the woods yet, 100/200-day smas breakdown in play. According to FXStreet on Tuesday, 11 June, "The EUR/USD pair edges higher during the Asian session on Tuesday and currently trades around the 1.0765-1.0770 area, albeit lacks strong follow-through buying. ", "Some follow-through selling will be seen as a fresh trigger for bearish traders and drag the EUR/USD pair to the next relevant support near the 1.0650-1.0640 region. "
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