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USD/EUR Bearish Momentum With A 2% Drop In The Last 21 Sessions

ViaNews Editorial Team

August 23, 2024

USD/EUR Bearish Momentum With A 2% Drop In The Last 21 Sessions

(VIANEWS) - USD/EUR (USDEUR) has been up by 2.97% for the last 21 sessions. At 11:11 EST on Friday, 23 August, USD/EUR (USDEUR) is $0.89.

USD/EUR's yearly highs and lows, it's 0.034% up from its 52-week low and 6.562% 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 0.29%, a negative 0.12%, and a positive 0.26%, respectively.

USD/EUR's highest amplitude of average volatility was 0.42% (last week), 0.30% (last month), and 0.26% (last quarter), respectively.

News about

  • According to FXStreet on Thursday, 22 August, "In the case of the EUR/USD pair, a corrective decline is now on the table, with supports at 1.1080 and the 1.1000 threshold. ", "Ahead of the release, the EUR/USD pair is trading at its highest level since December 2023, above the 1.1100 mark. "
  • Eur/usd finds fresh 13-month high as greenback pummeling continues. According to FXStreet on Wednesday, 21 August, "The pair has closed in the green for all but one of the last eight straight trading days, with EUR/USD chalking in over 3.5% in gains since the pair's last swing low into the 1.0800 handle before catching a bullish bounce off of the 200-day Exponential Moving Average (EMA), which is now rising into 1.0825."
  • Eur/usd slides yet clings to 1.1100 as market awaits powell’s speech. According to FXStreet on Thursday, 22 August, "Momentum is still bullish, yet with the Relative Strength Index (RSI) exiting from overbought conditions, a EUR/USD drop below 1.11000 is possible.", "Ahead of the day, EUR/USD traders will eye the release of France Business Confidence data. "
  • Eur/usd holds below 1.1150 amid cautious mood, all eyes on FOMC minutes. According to FXStreet on Wednesday, 21 August, "The EUR/USD pair loses momentum around 1.1120, snapping the three-day winning streak during the early European session on Wednesday. "
  • According to FXStreet on Wednesday, 21 August, "All we are saying is that if resistance breaks, very low realised volatility levels warn that EUR/USD could move sharply higher.", "Apologies for the obvious comment, but were it not for the mighty dollar, EUR/USD would now be a lot higher."

More news about USD/EUR (USDEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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