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

(VIANEWS) – USD/EUR (USDEUR) has been up by 1.55% for the last 21 sessions. At 23:07 EST on Tuesday, 2 January, USD/EUR (USDEUR) is $0.91.

USD/EUR’s yearly highs and lows, it’s 2.841% up from its 52-week low and 4.692% 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 0.01%, a negative 0.06%, and a positive 0.34%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.31% (last week), 0.35% (last month), and 0.34% (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 forex signal: break and retest pattern is forming – 02 January 2024. According to DailyForex on Tuesday, 2 January, "The EUR/USD price has pulled back as traders continue watching the ongoing geopolitical risks around the world. ", "The EUR/USD exchange rate continued retreating on Tuesday after peaking at 1.1138 last week. "
  • Eur/usd forecast: January 2024 – 01 January 2024. According to DailyForex on Monday, 1 January, "Intriguingly as January gets ready to start the EUR/USD is close to the same marks it finished with on the 21st of December. ", "S inflation data came in weaker than expected, which set off more buying of the EUR/USD and a test of the 1.10400 ratio on the 22nd of December."
  • Eur/usd price analysis: the key support level is seen at 1.1000. According to FXStreet on Tuesday, 2 January, "The EUR/USD pair loses momentum for the fourth consecutive day during the early European session on Tuesday. ", " From the technical perspective, EUR/USD keeps the negative outlook unchanged on the four-hour chart as the major pair holds below the key 100-hour Exponential Moving Averages (EMA). "
  • Eur/usd stays near 1.1030, focus on US ISM manufacturing pmi, FOMC minutes. According to FXStreet on Tuesday, 2 January, "In the year 2023, the EUR/USD pair closed at 1.1036, up by 3.16% after two consecutive years of decline. "
  • Eur/usd holds below the mid-1.0900s ahead of US pmi, FOMC minutes. According to FXStreet on Tuesday, 2 January, "The EUR/USD pair remains under pressure during the early Asian session on Wednesday. "

More news about USD/EUR (USDEUR).

Leave a Reply

Your email address will not be published.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