(VIANEWS) – USD/EUR (USDEUR) has been up by 1.25% for the last 10 sessions. At 20:06 EST on Tuesday, 27 February, USD/EUR (USDEUR) is $0.92.
USD/EUR’s yearly highs and lows, it’s 3.969% up from its 52-week low and 3.647% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/EUR’s Forex is considered to be overbought (>=80).
News about
- According to FXStreet on Monday, 26 February, "Given that oscillators on the daily chart are holding comfortably in the positive territory and are still away from being in the overbought zone, the USD/JPY pair might then climb to the 151.45 hurdle. ", "This is followed by last week’s swing low, around the 149.70-149.65 region, which if broken could drag the USD/JPY pair further towards the 149.35-149.30 horizontal support en route to the 149.00 mark. "
- Usd/jpy: bearish bias for the remainder of the year – ING. According to FXStreet on Tuesday, 27 February, "Our view remains bearish on USD/JPY for the remainder of the year, but that remains strictly tied to expectations of a decline in USD rates and the dollar, which should see the oversold Yen benefit even in the event of a delay in the BoJ rate hike until June."
- Usd/jpy has the capacity for huge and persistent overshoots – socgen. According to FXStreet on Tuesday, 27 February, "Especially given that the Yen has lost a third of its value since the start of the Covid pandemic, and USD/JPY remains close to its post-1990 high."
- According to FXStreet on Tuesday, 27 February, "Given that oscillators on the daily chart are holding comfortably in the positive territory and are still away from being in the overbought zone, the USD/JPY pair might then climb to the 151.45 hurdle. ", "Meanwhile, a fresh leg down in the US Treasury bond yields keeps the US Dollar (USD) bulls on the defensive and contributes to the offered tone surrounding the USD/JPY pair. "
More news about USD/EUR (USDEUR).
