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USD/EUR Bearish By 1% In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 1.76% for the last 21 sessions. At 11:12 EST on Thursday, 20 July, USD/EUR (USDEUR) is $0.90.

USD/EUR’s yearly highs and lows, it’s 1.082% up from its 52-week low and 14.472% 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 clings to mild losses below 139.00, traces sluggish yields ahead of US retail sales. According to FXStreet on Tuesday, 18 July, "A failure to cross the previous support line stretched from late March, around 139.50 by the press time, directs USD/JPY bears toward a convergence of the 100 and 200 SMAs near 137.00.", "Additionally, mixed concerns about the global central bankers’ next moves, with the looming Fed rate hike in July, also prod the USD/JPY pair traders."
  • 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 falls back to near 138.00 as US dollar remains uncertain ahead of retail sales. According to FXStreet on Tuesday, 18 July, "The USD/JPY pair has dropped back to near the crucial support of 138.00 in the European session. "
  • Usd/jpy struggles to gain any meaningful traction, holds steady near 139.00 mark. According to FXStreet on Wednesday, 19 July, "This has been a key factor behind the recent corrective decline in the US Treasury bond yields, which keeps the USD bulls on the defensive and might cap the upside for 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: not out of the woods yet, bearish flag spotted on hourly charts. According to FXStreet on Wednesday, 19 July, "The USD/JPY pair might then accelerate the recovery momentum towards the 140.45-140.50 intermediate hurdle en route to the 141.00 round figure and the 141.25-141.300 supply zone.", "Furthermore, oscillators on the daily chart are holding deep in the negative territory and validate the negative outlook for the USD/JPY pair."

More news about USD/EUR (USDEUR).

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