(VIANEWS) – EUR/USD (EURUSD) has been up by 0.82% for the last 5 sessions. At 17:08 EST on Monday, 8 July, EUR/USD (EURUSD) is $1.08.
Eur/usd price analysis: holds position around 1.0850 due to bullish bias
The EUR/USD pair faces potential resistance near the upper boundary of the ascending channel around 1.0890, with further resistance at the psychological level of 1.0900. , On the downside, initial support for EUR/USD lies near the nine-day Exponential Moving Average (EMA) at 1.0782, followed by support near the lower boundary of the ascending channel around 1.0750.
EUR/USD’s yearly highs and lows, it’s 3.617% up from its 52-week low and 3.973% 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 positive 0.22%, a negative 0.03%, and a positive 0.26%, respectively.
EUR/USD’s highest amplitude of average volatility was 0.22% (last week), 0.30% (last month), and 0.26% (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 oversold (<=20).
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