(VIANEWS) – USD/EUR (USDEUR) has been up by 1.84% for the last 5 sessions. At 01:07 EST on Wednesday, 15 March, USD/EUR (USDEUR) is $0.93.
USD/EUR’s yearly highs and lows, it’s 4.059% up from its 52-week low and 11.229% 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).
- Usd/jpy tracks corrective bounce in yields to aim for 134.00 ahead of US inflation data. According to FXStreet on Tuesday, 14 March, "Although the 50-DMA restricts immediate downside of the USD/JPY pair around 132.50, the recovery moves remain elusive unless staying below the previous support line from early February, around 136.20 by the press time.", "However, the policymakers from the UK and Europe, as well as some of the Asia-Pacific majors, have ruled out the odds of witnessing a financial crisis at home after the SVB saga, which in turn might have also pleased the USD/JPY buyers of late."
- Usd/jpy traces recovery in yields to bounce off one-month low towards 135.00, US inflation, boj minutes eyed. According to FXStreet on Monday, 13 March, "Despite the risk-on mood, escalating hawkish bets on the BoJ’s next move, especially after Kuroda’s retirement, seem to exert downside pressure on the USD/JPY prices. ", "Looking forward, Wednesday’s BoJ Minutes will be crucial to confirm the latest hawkish bias for the Japanese central bank’s next move, which in turn can weigh on the USD/JPY prices if matching market forecasts. "
- Usd/jpy bulls eye propetcs of a correction ahead of US CPI. According to FXStreet on Monday, 13 March, "On a daily basis, USD/JPY is moving into a support zone that could result in a correction aheadof the US CPI data with the 134.50-70 eyed as per the daily Fibonacci scale as illustrated above. "
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