USD/EUR Bearish By 2% In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.72% for the last 21 sessions. At 08:14 EST on Wednesday, 28 August, USD/EUR (USDEUR) is $0.90.

USD/EUR’s yearly highs and lows, it’s 0.717% up from its 52-week low and 6.04% 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 0.14%, a negative 0.17%, and a positive 0.27%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.34% (last week), 0.33% (last month), and 0.27% (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 overbought (>=80).

News about

  • According to FXStreet on Tuesday, 27 August, "Additionally, the contrasting statements from the BoJ and the Federal Reserve (Fed) regarding their policy outlooks are putting downward pressure on the USD/JPY pair. ", "On the downside, if the USD/JPY pair stays below the downtrend line, it could hover around the seven-month low of 141.69, recorded on August 5. "
  • Usd/jpy: more downside – OCBC. According to FXStreet on Monday, 26 August, "Broader direction of travel for USD/JPY has changed as Fed-BoJ policies shifted from divergence to convergence and this should continue to underpin the downside for USD/JPY. "
  • According to FXStreet on Monday, 26 August, "On the downside, the USD/JPY pair may navigate the region around the seven-month low of 141.69, which was recorded on August 5. ", "In terms of resistance, the USD/JPY pair may test the immediate barrier at the downtrend line around the psychological level of 145.00, followed by the nine-day Exponential Moving Average (EMA) at the 145.74 level. "
  • According to FXStreet on Wednesday, 28 August, "However, conflicting policy outlooks from the Bank of Japan (BoJ) and the Federal Reserve (Fed) are exerting downward pressure on the USD/JPY pair. ", "In terms of resistance, the USD/JPY pair may challenge the immediate barrier at the nine-day Exponential Moving Average (EMA) around the 145.23 level. "
  • Usd/jpy extends decline on negative view of US interest rates in the long term. According to FXStreet on Monday, 26 August, "However, given the Japanese Yen (JPY) is now trending higher and most of its favored carry counterparts are weakening, the carry trade is not as profitable as it used to be, and this "unwind" in long held carry positions is further propelling USD/JPY lower."

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