(VIANEWS) – USD/EUR (USDEUR) has been up by 1.14% for the last 10 sessions. At 10:08 EST on Thursday, 29 February, USD/EUR (USDEUR) is $0.92.
USD/EUR’s yearly highs and lows, it’s 3.867% up from its 52-week low and 3.741% 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
- Eur/usd: lacking a clear catalyst for another leg higher unless US data disappoints today – ING. According to FXStreet on Tuesday, 27 February, "The Eurozone calendar only includes money supply figures today, and our expectations for a re-strengthening of the Dollar around Thursday’s US PCE release makes us sceptical of the sustainability of a EUR/USD rally at this stage."
- Eur/usd price analysis: hovers around the major level of 1.0850. According to FXStreet on Tuesday, 27 February, "This lagging indicator implies a potential shift towards bullish momentum for the EUR/USD pair.", "Immediate resistance levels for the EUR/USD pair are identified at the 38.2% Fibonacci retracement level of 1.0864, followed by February’s high of 1.0897, which aligns with the significant psychological barrier at 1.0900."
- Eur/usd: 25% chance of returning to parity if fed hikes while ECB cuts rates – socgen. According to FXStreet on Tuesday, 27 February, "Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes how the next moves from the ECB and the Fed could impact the EUR/USD pair.", "Whether the Fed or the ECB cuts first, or fastest, will determine where EUR/USD goes this year, but if they are both moving in the same direction, the pair won’t go very far in either direction. "
More news about USD/EUR (USDEUR).
