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MarketFX

USD/EUR Bearish By 3% In The Last 21 Sessions

USD/EUR Bearish By 3% In The Last 21 Sessions

(VIANEWS) - USD/EUR (USDEUR) has been up by 3.75% for the last 21 sessions. At 20:09 EST on Wednesday, 12 April, USD/EUR (USDEUR) is $0.91.

USD/EUR's yearly highs and lows, it's 0.287% up from its 52-week low and 13.232% 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

  • Usd/jpy to drop toward 128 by end-June – ING. According to FXStreet on Tuesday, 11 April, "Economists at ING expect steady outperformance of the Yen through the year and forecast USD/JPY at 128 by the end of June."
  • Usd/jpy skids below 133.50, upside looks favored as boj supports expansionary policy. According to FXStreet on Tuesday, 11 April, "The USD/JPY pair has corrected below the critical support of 133.50 in the Asian session after a stellar upside move to near 133.87. ", "It is worth noting that the proportion of correction in the USD/JPY pair is much less than the corrective move in the USD Index, which indicates weakness in the Japanese Yen. "
  • According to FXStreet on Tuesday, 11 April, "Meanwhile, USD/JPY is feeling the pull of gravity, as it drops below 133.50, down 0.16% on the day."
  • Usd/jpy price analysis: bulls take a breather on their way to 134.50. According to FXStreet on Wednesday, 12 April, "On the flip side, a daily closing below the previously stated DMA confluence, near 133.35-25, could quickly drag the USD/JPY prices towards a three-month-long ascending support line, close to 131.10 at the latest.", "Following that, the 200-DMA hurdle of around 137.20 acts as the last defense of the USD/JPY bears."

More news about USD/EUR (USDEUR).

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.