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USD/EUR Bearish Momentum With A 2% Drop In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.88% for the last 21 sessions. At 12:13 EST on Tuesday, 21 November, USD/EUR (USDEUR) is $0.91.

USD/EUR’s yearly highs and lows, it’s 2.841% up from its 52-week low and 6.566% 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 0.64%, a negative 0.15%, and a positive 0.33%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.78% (last week), 0.36% (last month), and 0.33% (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 and gbp/usd bounces to run out of steam – socgen. According to FXStreet on Monday, 20 November, "Maybe it all adds up to the EUR/USD and GBP/USD bounces running out of steam at some point, while JPY, AUD and NZD carry on for longer and SEK and NOK come back into favour. "
  • Eur/usd price analysis: trades higher near 1.0920 as fed is expected to end rate hikes. According to FXStreet on Monday, 20 November, "A firm break below the level could put pressure on the EUR/USD pair to navigate the region around the nine-day Exponential Moving Average (EMA) at 1.0819, aligning with the 23.6% Fibonacci retracement at 1.0811.", "Additionally, the Moving Average Convergence Divergence (MACD) line lies above the centerline, with divergence above the signal line, suggesting a bullish momentum in the EUR/USD pair."
  • Eur/usd consolidates last week's gains to the highest level since August, hovers around 1.0900. According to FXStreet on Monday, 20 November, "The EUR/USD pair is seen consolidating last week’s strong gains to its highest level since August 31 and oscillating in a narrow trading band during the Asian session on Monday. ", "The US Dollar (USD) kicks off the new week on a positive note and recovers a part of Friday’s decline to over a two-and-half-month low, which, in turn, is seen acting as a headwind for the EUR/USD pair. "
  • Eur/usd analysis: resistance 1.10 will change the trend. – 20 November 2023. According to DailyForex on Monday, 20 November, "Thus, this allowed the price of the currency pair EUR/USD to rebound upward with gains that reached the 1.0912 resistance level. ", "According to market trading, the value of the euro rose against the dollar EUR/USD after US inflation data fell below consensus, which prompted markets to "price in" more interest rate increases at the Federal Reserve and interest rate cuts in 2024. "

More news about USD/EUR (USDEUR).

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