(VIANEWS) – USD/EUR (USDEUR) has been up by 1.78% for the last 21 sessions. At 19:11 EST on Tuesday, 11 April, USD/EUR (USDEUR) is $0.92.
USD/EUR’s yearly highs and lows, it’s 0.981% up from its 52-week low and 12.631% 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 oversold (<=20).
News about
- Eur/usd stays defensive around 1.0900 despite hawkish ecb, US inflation, fed minutes eyed. According to FXStreet on Sunday, 9 April, "A 12-day-old rising wedge bearish chart formation, currently around 1.0860 and 1.1000, keeps EUR/USD bears hopeful.", "However, the market participants also expect a rate cut in late 2023 and hence pour cold water on the face of the Fed hawks, which in turn please the EUR/USD bulls."
- Eur/usd forecast: overhead selling pressure – 10 April 2023. According to DailyForex on Monday, 10 April, "However, it is worth nothing that the EUR/USD is a great indicator of US dollar strength, and therefore an important signal."
- Eur/usd drops to one-week low, closer to mid-1.0800s amid notable USD strength. According to FXStreet on Monday, 10 April, "The EUR/USD pair attracts fresh sellers following an early uptick to the 1.0915 region and turns lower for the second successive day on Monday. ", "Furthermore, the growing acceptance of additional rate hikes by the European Central Bank (ECB) should continue to underpin the shared currency and limit the downside for the EUR/USD pair amid relatively light trading volumes. "
- Eur/usd struggles to justify upbeat options market signals near 1.0900. According to FXStreet on Monday, 10 April, "While tracing the catalysts behind the options market optimism for the EUR/USD prices, the fears surrounding the US Dollar’s reserve currency status join the comparatively more hawkish comments from the European Central Bank (ECB), than the Federal Reserve (Fed).", "Moving on, the Easter Monday holiday may restrict EUR/USD moves but the US Consumer Price Index (CPI) data and the latest Federal Open Market Committee(FOMC) Monetary Policy Meeting Minutes will be crucial for clear directions."
- Eur/usd price analysis: 10-dma prods intraday sellers, 1.0850 is the last defense for bulls. According to FXStreet on Monday, 10 April, "Apart from the Euro pair’s inability to cross the 1.0930 hurdle, the receding bullish bias of the MACD and the RSI (14) line’s retreat also suggest a pullback in the EUR/USD price.", "Following that, an upward-sloping support line from March 24, near 1.0850, becomes the last defense of the EUR/USD bulls."
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