(VIANEWS) – USD/EUR (USDEUR) has been up by 1.0911% for the last session’s close. At 15:09 EST on Sunday, 5 February, USD/EUR (USDEUR) is $0.93.
USD/EUR (USDEUR) Range
Concerning USD/EUR’s daily highs and lows, it’s 0.043% up from its trailing 24 hours low of $0.93 and 0.043% up from its trailing 24 hours high of $0.93.
USD/EUR’s yearly highs and lows, it’s 6.494% up from its 52-week low and 11.61% down from its 52-week high.
Volatility
USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.15%, a negative 0.09%, and a positive 0.52%, respectively.
USD/EUR’s highest amplitude of average volatility was 0.19% (last week), 0.42% (last month), and 0.52% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/EUR’s Forex is considered to be oversold (<=20).
News about
- Eur/usd: things are getting increasingly difficult for bulls – commerzbank. According to FXStreet on Friday, 3 February, "A lot seems to be priced into EUR/USD already, and a more hawkish ECB is difficult to imagine.", "Currently, it looks as if the inflation trend justifies an end to interest rate hikes in the near future, so there is probably no further upside potential in EUR/USD for the time being."
- Eur/usd: medium-term drivers indicate that the pair is overvalued – danske bank. According to FXStreet on Friday, 3 February, "In recent weeks, EUR/USD has defied the shift and sudden underperformance of Eurozone equities, which we otherwise deem to have been an important driver behind the EUR/USD rally since September (Eurozone equities overperforming during this period).", "Our tactical conviction on EUR/USD is not high, but we maintain a clear sell-on-rallies bias for the cross as we still think medium-term drivers indicate that EUR/USD is overvalued (and not undervalued)."
- Interest rate differentials point to a higher eur/usd – nordea. According to FXStreet on Friday, 3 February, "Economists at Nordea note that the rate differentials continue to point toward a higher EUR/USD ahead.", "Given that the ECB has had room for more positive rate surprises than the Fed, a higher EUR/USD is understandable."
- Eur/usd: patience before another big rally – ING. According to FXStreet on Friday, 3 February, "In the view of economists at ING, markets’ doubts on ECB guidance may be a larger short-term driver, and delay another big EUR/USD rally to the second quarter.", "However, another big rate-driven EUR/USD rally may not be a story for this quarter, as the March meetings may see the Fed push back against rate cut speculation and the ECB still struggles to sell its tightening plans to the market."
- According to FXStreet on Friday, 3 February, "This is what revives the US Dollar bears and suggests that the path of least resistance for the EUR/USD pair is to the upside.", "As the dust settles over the dovish Federal Reserve and the European Central Bank monetary policy decisions, the EUR/USD pair has entered a phase of downside consolidation near the 1.0900 threshold. "
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