(VIANEWS) – USD/EUR (USDEUR) has been up by 1.05% for the last 5 sessions. At 18:09 EST on Tuesday, 6 August, USD/EUR (USDEUR) is $0.91.
USD/EUR’s yearly highs and lows, it’s 1.883% up from its 52-week low and 4.431% 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 0.27%, a negative 0.09%, and a positive 0.24%, respectively.
USD/EUR’s highest amplitude of average volatility was 0.39% (last week), 0.23% (last month), and 0.24% (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 jumps but fails to grasp 1.10. According to FXStreet on Tuesday, 6 August, "Despite thin, overextended gains on the daily chart, price action has chalked in a rising pattern of higher lows, and bullish hopefuls will be looking to kick EUR/USD into a fresh bullish cycle after the pair spent most of 2024 churning in the midrange."
- Eur: when the dust settles, eur/usd should trade higher – ING. According to FXStreet on Monday, 5 August, "Were it not for the heavy sell-off in equities, yield differentials would make a case for EUR/USD to be trading well above 1.10 now. ", "Weaker global growth isnot good for the pro-cyclical Euro (EUR), but the fact that the ‘US exceptionalism’narrative could be coming back to earth with a bump should be EUR/USD supportive, ING’s FX strategist Chris Turner notes."
- According to FXStreet on Tuesday, 6 August, "As mentioned above, the dollar may recover a bit more ground today, and we could see EUR/USD slip back to the 1.090 mark.", "Our short-term models indicate EUR/USD should be trading above 1.10 even if that spread rewidens by another 20bp in favour of the dollar."
- Eur/usd flirts with break below 1.09 while greenback sets the record straight. According to FXStreet on Tuesday, 6 August, "With that firm rejection at the psychological level and with the price action now falling back below that red descending trend line, it looks like EUR/USD will need to find support in order to regain strength for the next leg higher. ", "Should EUR/USD be able to rally above there, another leg higher to December’s peak at 1.1139 comes into focus. "
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