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USD/EUR Bearish Momentum: 0.97% Down In The Last 5 Sessions

ViaNews Editorial Team

September 17, 2024

USD/EUR Bearish Momentum: 0.97% Down In The Last 5 Sessions

(VIANEWS) - USD/EUR (USDEUR) has been up by 0.97% for the last 5 sessions. At 02:07 EST on Tuesday, 17 September, USD/EUR (USDEUR) is $0.90.

USD/EUR's yearly highs and lows, it's 0.616% up from its 52-week low and 6.134% 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 0.19%, a negative 0.10%, and a positive 0.26%, respectively.

USD/EUR's highest amplitude of average volatility was 0.25% (last week), 0.32% (last month), and 0.26% (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 Monday, 16 September, "The EUR/USD pair showed no immediate reaction to these comments and was last seen rising 0.45% on the day at 1.1125."
  • Eur/usd rises toward 1.1100 amid uncertainty over the fed rate cut. According to FXStreet on Monday, 16 September, "If Fed Chair Jerome Powell signals a more aggressive easing approach, it could put downward pressure on the US Dollar, providing a potential boost to the EUR/USD pair.", "While expectations of Fed easing may weaken the USD, Rabobank suggests that unfavorable Eurozone fundamentals are likely to limit the upside potential for the EUR/USD pair in the near future."
  • Eur/usd price forecast: remains capped under descending trend channel near 1.1100. According to FXStreet on Monday, 16 September, "The EUR/USD pair gains ground around 1.1095 amid the softer US Dollar (USD) during the Asian trading hours on Monday. ", " EUR/USD remains capped under the descending trend channel on the four-hour chart. "
  • According to FXStreet on Monday, 16 September, "Should he pour a little cold water on the chances of an October ECB rate cut, EUR/USD could get a lift. "

More news about USD/EUR (USDEUR).

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.

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