(VIANEWS) – EUR/USD (EURUSD) has been up by 1.59% for the last 10 sessions. At 17:07 EST on Monday, 17 June, EUR/USD (EURUSD) is $1.07.
Eur/usd consolidates around 1.0700, just above one-and-a-half-month low touched on Friday
Apart from this, persistent geopolitical tensions in the Middle East turn out to be another factor underpinning the safe-haven Greenback, suggesting that the path of least resistance for the EUR/USD pair is to the downside. , This, along with a modest US Dollar (USD) uptick, validates the near-term negative outlook for the EUR/USD pair.
EUR/USD’s yearly highs and lows, it’s 2.756% up from its 52-week low and 4.771% down from its 52-week high.
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).
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