USD/EUR Bearish Momentum: 0.89% Down In The Last 5 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 0.89% for the last 5 sessions. At 06:07 EST on Thursday, 19 September, USD/EUR (USDEUR) is $0.89.

USD/EUR’s yearly highs and lows, it’s 0.213% up from its 52-week low and 6.51% 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 0.20%, a negative 0.07%, and a positive 0.26%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.24% (last week), 0.29% (last month), and 0.26% (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 gathers strength above 1.1100, eurozone inflation data and fed rate decision in focus. According to FXStreet on Wednesday, 18 September, "The EUR/USD pair trades on a stronger note around 1.1125 during the Asian trading hours on Wednesday. "
  • Eur: fed cut May drive the next eur/usd move – ING. According to FXStreet on Wednesday, 18 September, "In our base case (dovish 25bp cut), EUR/USD moves back below 1.110, but gradually recovers ground in the coming days. ", "The transmission channels from the Fed cut to EUR/USD are the USD short-term rate impact first, and the equity reaction second. "
  • According to FXStreet on Thursday, 19 September, "The short-term rates picture continues to argue for a consolidation in the EUR/USD above 1.11, with some upside potential. ", "If it wasn’t for the eurozone’s soft growth picture, EUR/USD would probably be trading closer to 1.13, but the short-term call is closer to 1.12 for EUR/USD, ING’s FX strategist Francesco Pesole notes."
  • Eur/usd softens below 1.1150 as traders brace for US retail sales data. According to FXStreet on Tuesday, 17 September, "The EUR/USD pair trades on a softer note near 1.1125 amid the modest recovery in US Dollar (USD) during the Asian trading hours on Tuesday. "
  • Eur/usd spikes on immediate reaction to decline in fed rate projections and 50 bps rate cut. According to FXStreet on Wednesday, 18 September, "Despite Wednesday’s Fed-fueled intraday rally, EUR/USD continues to churn near the 1.1100 handle. "

More news about USD/EUR (USDEUR).

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