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USD/EUR Bearish Momentum With A 1% Drop In The Last 21 Sessions

ViaNews Editorial Team

January 31, 2023

USD/EUR Bearish Momentum With A 1% Drop In The Last 21 Sessions

(VIANEWS) - USD/EUR (USDEUR) has been up by 1.51% for the last 21 sessions. At 14:09 EST on Tuesday, 31 January, USD/EUR (USDEUR) is $0.92.

USD/EUR's yearly highs and lows, it's 5.701% up from its 52-week low and 12.269% 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 positive 0.15%, a negative 0.09%, and a positive 0.52%, respectively.

USD/EUR's highest amplitude of average volatility was 0.19% (last week), 0.42% (last month), and 0.52% (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

  • Eur/usd remains bid and close to 1.0900. According to FXStreet on Monday, 30 January, "The optimism around the single currency remains well and sound in the European afternoon, with EUR/USD posting decent gains near the 1.0900 hurdle.", "The sharp yearly rally in EUR/USD appears to have met an initial and decent barrier around the 1.0930 for the time being."
  • Eur/usd resumes the upside and targets 1.0900. According to FXStreet on Monday, 30 January, "The European currency starts the new trading week on the positive foot and lifts EUR/USD back to the vicinity of the key barrier at 1.0900 the figure on Monday.", "The sharp yearly rally in EUR/USD appears to have met an initial and decent barrier around the 1.0930 for the time being."
  • Eur/usd probes three-day downtrend near mid-1.0800s, eurozone gdp, US consumer confidence eyed. According to FXStreet on Tuesday, 31 January, "Despite the latest corrective bounce, a clear upside break of the support-turned-resistance line from January 10, close to 1.0860 at the latest, becomes necessary to recall EUR/USD buyers."

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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