(VIANEWS) - USD/EUR (USDEUR) has been up by 1.51% for the last 21 sessions. At 04:06 EST on Tuesday, 2 July, USD/EUR (USDEUR) is $0.93.
USD/EUR's yearly highs and lows, it's 5.164% up from its 52-week low and 2.539% 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 0.02%, a positive 0.05%, and a positive 0.26%, respectively.
USD/EUR's highest amplitude of average volatility was 0.22% (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 rises to near 1.0750 due to heightened expectations of the fed’s rate cuts. According to FXStreet on Monday, 1 July, "Speculation that the US Federal Reserve (Fed) might cut interest rates in 2024 is weighing on the US Dollar (USD), supporting the EUR/USD pair."
- Eur/usd looks higher on Monday but technical ceiling remains. According to FXStreet on Monday, 1 July, "Intraday price action continues to lean into the midrange as EUR/USD grapples with the 200-hour Exponential Moving Average (EMA) at 1.0722."
- Eur/usd price analysis: hovers around 1.0750 within the consolidative range. According to FXStreet on Tuesday, 2 July, "On the upside, the EUR/USD pair may encounter resistance at the 50-day Exponential Moving Average (EMA) situated at 1.0769. ", "The 14-day Relative Strength Index (RSI) remains slightly below the 50 level, suggesting the EUR/USD pair trading within a consolidative range between 1.0780-1.0670. "
- Eur/usd gets rid of some political risk premium – ING. According to FXStreet on Monday, 1 July, "We think this week's US data can push EUR/USD higher, but French politics can still put a cap on the pair this summer, ING FX strategist Francesco Pesole notes.", "It appears that EUR/USD is getting rid of some political risk premium this morning after preliminary results from the first round of French parliamentary elections came in close to pre-vote polls. "
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