(VIANEWS) – EUR/USD (EURUSD) has been up by 1.85% for the last 10 sessions. At 18:06 EST on Tuesday, 8 October, EUR/USD (EURUSD) is $1.10.
Eur/usd drifts higher above 1.0950 ahead of German industrial production
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.
EUR/USD’s yearly highs and lows, it’s 4.63% up from its 52-week low and 2.051% 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 0.38%, a negative 0.06%, and a positive 0.28%, respectively.
EUR/USD’s highest amplitude of average volatility was 0.38% (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. "
More news about EUR/USD (EURUSD).
