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EUR/USD Over 1% Down In The Last 10 Sessions

ViaNews Editorial Team

October 9, 2024

EUR/USD Over 1% Down In The Last 10 Sessions

(VIANEWS) - EUR/USD (EURUSD) has been up by 1.49% for the last 10 sessions. At 07:06 EST on Wednesday, 9 October, EUR/USD (EURUSD) is $1.10.

EUR/USD's yearly highs and lows, it's 4.487% up from its 52-week low and 2.185% down from its 52-week high.

Volatility

EUR/USD's last week, last month's, and last quarter's current intraday variation average was a negative 0.25%, a negative 0.05%, and a positive 0.28%, respectively.

EUR/USD's highest amplitude of average volatility was 0.27% (last week), 0.30% (last month), and 0.28% (last quarter), respectively.

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 hangs near its lowest level since mid-August, seems vulnerable around 1.0975 area. According to FXStreet on Monday, 7 October, "The EUR/USD pair kicks off the new week on a subdued note and consolidates last week's heavy losses to its lowest level since mid-August touched in the aftermath of the upbeat US employment details on Friday. ", "This, in turn, is seen as another factor acting as a headwind for the EUR/USD pair and supports prospects for a further near-term depreciating move. "
  • Eur/usd price forecast: path of least resistance appears to the downside. According to FXStreet on Monday, 7 October, "The EUR/USD pair trades in negative territory for the seventh consecutive day around 1.0965 during the early European session on Monday. "
  • Eur/usd drifts higher above 1.0950 ahead of German industrial production. According to FXStreet on Tuesday, 8 October, "The EUR/USD pair extends its recovery to around 1.0985 on Tuesday during the early European trading hours. ", "However, the upside for EUR/USD might be limited as traders expect a smaller interest rate cut from the US Federal Reserve (Fed) in November. "

More news about EUR/USD (EURUSD).

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.