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

(VIANEWS) – USD/EUR (USDEUR) has been up by 1.97% for the last 21 sessions. At 20:12 EST on Wednesday, 26 July, USD/EUR (USDEUR) is $0.90.

USD/EUR’s yearly highs and lows, it’s 1.691% up from its 52-week low and 13.957% 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 0.36%, a negative 0.07%, and a positive 0.32%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.36% (last week), 0.32% (last month), and 0.32% (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

  • According to FXStreet on Tuesday, 25 July, "However, relative short-term rates (which have been the main driver of the EUR/USD pair this year), don’t support the Euro at all. "
  • According to FXStreet on Tuesday, 25 July, "Further downside, the EUR/USD pair should meet immediate contention at theweekly low of 1.1041 ahead of the psychological 1.1000 mark, all seconded by provisional support at the 55-day and 100-day Simple Moving Averages (SMA) at 1.0900 and 1.0890, respectively. ", "The constructive view of EUR/USD appears unchanged as long as the pair trades above the key 200-day SMA."
  • Eur/usd technical analysis: eurozone economy slows down – 25 July 2023. According to DailyForex on Tuesday, 25 July, "The losses of the EUR/USD currency pair extended at the beginning of this week’s trading, towards the 1.1060 support level, the lowest for the currency pair two weeks ago, and the currency pair stabilizes around those losses.", "The EUR/USD exchange rate entered the new week’s trading under pressure and is likely to be at risk of deeper losses if the hawkish US Federal Reserve statement on Wednesday is followed by a more dovish update of the European Central Bank’s (ECB) monetary policy on Thursday and more indications of a deteriorating continental economy. "

More news about USD/EUR (USDEUR).

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