USD/EUR Bearish Momentum: 0.99% Down In The Last 10 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 0.99% for the last 10 sessions. At 09:07 EST on Thursday, 15 June, USD/EUR (USDEUR) is $0.92.

USD/EUR’s yearly highs and lows, it’s 2.03% up from its 52-week low and 12.259% 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 0.25%, a negative 0.01%, and a positive 0.38%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.36% (last week), 0.28% (last month), and 0.38% (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

  • Eur/usd can consolidate above 1.08 and start rising towards 1.10 on doubts that fed will hike in July – socgen. According to FXStreet on Tuesday, 13 June, "If we start to doubt the Fed will hike in July, EUR/USD can consolidate above 1.08 and start heading back towards 1.10, while the Dollar drifts lower across the board. ", "From here, getting EUR/USD back to 1.15 in H2 probably requires the ECB to deliver at least 50 bps more hikes than the Fed, as per our economists’ forecasts."
  • Eur/usd climbs past 1.0800 in the wake of US CPI. According to FXStreet on Tuesday, 13 June, "The upside momentum in EUR/USD gathers extra impulse and appears to surpass the 1.0800 hurdle in a more convincing fashion following the release of US inflation figures measured by the CPI."
  • According to FXStreet on Tuesday, 13 June, "The EUR/USD pair has attracted investors’ attention amid a firmer risk-appetite theme and hopes of a decline in the Federal Reserve (Fed)-European Central Bank (ECB) policy divergence.", "Buyers could show more interest if the EUR/USD manages to sustain comfortably above 1.0800. "
  • Eur/usd forex signal: rising to test resistance in $1.08 area – 13 June 2023. According to DailyForex on Tuesday, 13 June, "My previous EUR/USD signal on 6th June was not triggered, as there was no bullish price action when the price first reached the area of identified support at $1.0704.", "In my previous analysis of the EUR/USD currency pair, I said that the technical picture looked choppy between $1.0625 and $1.0800. "
  • Eur/usd: wait for the FOMC meeting regardless of how the US CPI data turns out – commerzbank. According to FXStreet on Tuesday, 13 June, "Ahead of the Fed meeting tomorrow and the ECB meeting on Thursday the FX trade in EUR/USD has become a bit sluggish. ", "And even then, the last word has not yet been spoken in EUR/USD as what will matter on Thursday is how hawkish the ECB will sound and whether it might provide an indication as to where it expects its terminal rate to be."

More news about USD/EUR (USDEUR).

Leave a Reply

Your email address will not be published. Required fields are marked *