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

ViaNews Editorial Team

December 25, 2023

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

(VIANEWS) - USD/EUR (USDEUR) has been up by 2.06% for the last 10 sessions. At 22:12 EST on Sunday, 24 December, USD/EUR (USDEUR) is $0.91.

USD/EUR's yearly highs and lows, it's 2.323% up from its 52-week low and 5.172% 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 0.11%, a negative 0.01%, and a positive 0.34%, respectively.

USD/EUR's highest amplitude of average volatility was 0.50% (last week), 0.39% (last month), and 0.34% (last quarter), respectively.

News about

  • Eur/usd gains ground above 1.1000 ahead of US PCE data. According to FXStreet on Friday, 22 December, "Traders will take cues from the data and find trading opportunities around the EUR/USD pair.", "That being said, the downbeat US data and the anticipation of three rate cuts by the Fed weigh on the Greenback and act as a tailwind for the EUR/USD pair. "
  • Eur/usd price analysis: floats below 1.1000 followed by a two-month high. According to FXStreet on Friday, 22 December, "This bullish sentiment of the EUR/USD pair's bulls could surpass the psychological resistance to approach the two-month high at 1.1017. ", "On the flip side, the EUR/USD pair could find support at the major level at 1.0950 followed by the seven-day Exponential Moving Average (EMA) at 1.0938."
  • Eur/usd forecast: rallies again - 22 December 2023. According to DailyForex on Friday, 22 December, "The EUR/USD displayed a modest rally during Thursday's trading session, hinting at a potential advance towards the critical 1.10 level. "
  • Eur/usd slips back from 1.1040 as markets pare back greenback shorts. According to FXStreet on Friday, 22 December, "The EUR/USD climbed into an 18-week high at 1.1040 before slipping back towards 1.1000 as markets wind up operations before heading into the holiday break. ", "The US Dollar is still up on the day against the Euro, and a green close here will see the EUR/USD close in the green for seven of the last nine straight trading week."

More news about USD/EUR (USDEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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