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

(VIANEWS) – USD/EUR (USDEUR) has been up by 2% for the last 10 sessions. At 04:08 EST on Thursday, 15 August, USD/EUR (USDEUR) is $0.91.

USD/EUR’s yearly highs and lows, it’s 1.159% up from its 52-week low and 5.11% 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 0.23%, a negative 0.08%, and a positive 0.25%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.27% (last week), 0.23% (last month), and 0.25% (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

  • According to FXStreet on Wednesday, 14 August, "Markets see the uptick in EUR/USD into the upper half of the 1.09-1.10 range as the start of a longer-lasting upward trend. "
  • Eur/usd holds steady above 1.1000 ahead of US retail sales data. According to FXStreet on Thursday, 15 August, "The EUR/USD pair consolidates its gains near 1.1010 after retracing from the fresh seven-month top during the Asian session on Thursday. "
  • Eur/usd edges higher above 1.0900, US PPI data looms. According to FXStreet on Tuesday, 13 August, "The EUR/USD pair trades in positive territory around 1.0940 during the Asian session on Tuesday. ", "The rising bets on the Fed rate cut are likely to weigh on the US Dollar (USD) and create a tailwind for EUR/USD for the time being."
  • According to FXStreet on Wednesday, 14 August, "Eren Sengezer, European Session Lead Analyst at FXStreet, offers a brief technical outlook for EUR/USD and explains: "EUR/USD’s near-term technical picture suggests that the bullish bias remains intact, with the Relative Strength Index (RSI) indicator on the daily chart holding comfortably above 50. ", "If EUR/USD manages to flip 1.1000 into support, it could target 1.1140 (December 28, 2023, high) next. "
  • Eur/usd finds the high side amid broad-base greenback softness. According to FXStreet on Tuesday, 13 August, "Despite Tuesday’s rally, EUR/USD remains trapped under last week’s peak bids just north of 1.10000. "

More news about USD/EUR (USDEUR).

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