USD/EUR Bearish Momentum With A 2% Drop In The Last 10 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.21% for the last 10 sessions. At 07:09 EST on Friday, 17 November, USD/EUR (USDEUR) is $0.92.

USD/EUR’s yearly highs and lows, it’s 3.834% up from its 52-week low and 5.819% 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 negative 0.44%, a negative 0.13%, and a positive 0.31%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.55% (last week), 0.35% (last month), and 0.31% (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 overbought (>=80).

News about

  • Eur/usd price analysis: remains capped below the 1.0900 mark amid overbought condition. According to FXStreet on Wednesday, 15 November, "The weaker-than-expected US inflation data exerts some selling pressure on the US Dollar (USD) and supports the EUR/USD pair. ", "The EUR/USD pair surges above 1.0850 but faces rejection below the 1.0900 mark during the early European trading hours on Wednesday. "
  • Eur/usd forex signal: more gains ahead but a brief pullback likely – 15 November 2023. According to DailyForex on Wednesday, 15 November, "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:’ReviewsNonPartner’,id:’horizontal-top-5′,size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});Bearish viewSell the EUR/USD pair and set a take-profit at 1.0800.", "The EUR/USD exchange rate made a bullish breakout, validating the broadening wedge that has been forming since October. "
  • Eur/usd advancing to the 1.1500 level in 2024 is very feasible – MUFG. According to FXStreet on Wednesday, 15 November, "There remains plenty of scope for further cuts to be priced if the activity Data starts to weaken and in those circumstances, EUR/USD advancing to the 1.1500 level in 2024 is very feasible."
  • Eur/usd trades with a mild negative bias around 1.0870 area, lacks follow-through. According to FXStreet on Wednesday, 15 November, "The EUR/USD pair struggles to capitalize on the previous day’s blowout rally to the 1.0885-1.0890 area, or its highest level since August 31 and edges lower during the Asian session on Wednesday. ", "This led to the overnight sharp decline in the US Treasury bond yields, which might hold back the USD bulls from placing aggressive bets and help limit the downside for the EUR/USD pair. "
  • Eur/usd could nudge above 1.09 on disappointing US retail sales – socgen. According to FXStreet on Wednesday, 15 November, "Momentum and direction may be checked today if US Retail Sales surprise to the upside, but a disappointing outcome could help bonds claw back more ground and nudge EUR/USD above 1.09."

More news about USD/EUR (USDEUR).

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