USD/EUR Over 2% Down In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.34% for the last 21 sessions. At 21:09 EST on Wednesday, 19 July, USD/EUR (USDEUR) is $0.89.

USD/EUR’s yearly highs and lows, it’s 0.485% up from its 52-week low and 14.978% 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 negative 0.13%, a negative 0.12%, and a positive 0.32%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.22% (last week), 0.33% (last month), and 0.32% (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

  • Usd/jpy slides back closer to 138.00 mark amid weaker usd, cautious market mood. According to FXStreet on Tuesday, 18 July, "This, in turn, warrants some caution before positioning for an extension of the USD/JPY pair’s recent sharp retracement slide from the YTD peak – levels just above the 145.00 psychological mark – touched in June. ", "The USD/JPY pair attracts some sellers in the vicinity of the 139.00 mark on Tuesday and extends its steady intraday descent through the early part of the European session. "
  • Eur/usd will rise to 1.18 and usd/jpy will fall to 123 by end-2024 – BNP paribas. According to FXStreet on Tuesday, 18 July, "Economists at BNP Paribas believe that the USD is in the early stages of a structural decline and expect EUR/USD to rise to 1.18 and USD/JPY to drop to 123 by end-2024.", "We forecast that EUR/USD will rise to 1.18 and USD/JPY will fall to 123 by the end of 2024."
  • Usd/jpy struggles to gain any meaningful traction, holds steady near 139.00 mark. According to FXStreet on Wednesday, 19 July, "The underlying bullish sentiment surrounding the global equity markets undermines the safe-haven Japanese Yen (JPY) and turns out to be a key factor lending some support to the USD/JPY pair. ", "The upside for the USD/JPY pair, however, remains limited in the wakeof subdued US Dollar (USD) price action, which, so far, has been struggling to register any meaningful traction from its lowest level since April 2022 touched on Tuesday. "
  • Usd/jpy price analysis: teeters around 138.00, cushioned by solid support as bulls target 139.00. According to FXStreet on Tuesday, 18 July, "The USD/JPY daily chart portrays the pair making a base after reaching a month-and-a-half low of 137.23 on July 14. ", "That, alongside the 100-day Exponential Moving Average (EMA) at 138.31, maintains the USD/JPY afloat, which trades at around 138.83 after hitting a daily low of 137.67."
  • Usd/jpy steadily climbs closer to 139.00 mark, upside potential seems limited. According to FXStreet on Tuesday, 18 July, "Apart from this, worries about a global economic downturn, fueled by weaker Chinese GDP print on Monday – should limit losses for the safe-haven JPY and contribute to capping gains for the USD/JPY pair. ", "A turnaround in the global risk sentiment – as depicted by the overnight rally in the US equity markets – undermines the safe-haven Japanese Yen (JPY) and acts as a tailwind for the USD/JPY pair. "

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