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

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.51% for the last 21 sessions. At 14:06 EST on Thursday, 23 March, USD/EUR (USDEUR) is $0.92.

USD/EUR’s yearly highs and lows, it’s 2.874% up from its 52-week low and 12.24% 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 0.43%, a negative 0.06%, and a positive 0.46%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.43% (last week), 0.52% (last month), and 0.46% (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 aptly portrays pre-fed anxiety below 1.0800, ecb’s lagarde eyed too. According to FXStreet on Wednesday, 22 March, "It should be noted that the Fed’s 0.25% rate hike is almost given and hence EUR/USD bears should eye for hawkish developments in the dot plot and comments to push back banking turmoil in Fed Chairman Jerome Powell’s speech.", "Recently, the news that the US policymakers are discussing ways to surpass the US Congress to defend the banks joined chatters that the First Republic Bank eyes government helps to encourage buyers probed EUR/USD traders."
  • Eur/usd forex signal: bullish sentiment if it Zooms past 1.0750 – 21 March 2023. According to DailyForex on Tuesday, 21 March, "The EUR/USD rose as the US dollar index slumped to $103 and American indices like the Dow Jones and S&P 500 indices jumped by almost 1%. ", "As a result, the EUR/USD pair rose to a high of 1.0730, the highest level since March 15. "
  • Eur/usd: restoring some calm to the at1 bond market, a necessary condition to keep euro supported – ING. According to FXStreet on Tuesday, 21 March, "The ability of European regulators to restore some calm to the AT1 bond market appears a necessary condition to keep EUR/USD supported, even though we think some USD recovery is possible into the Fed meeting."
  • Eur/usd price analysis: pair revisits descending trendline at 1.0720 level before FOMC meeting. According to FXStreet on Tuesday, 21 March, "The three-day bullish rally for EUR/USD has led to a retest of the descending trendline that originates from February’s high at the 1.1036 level.", "A convincing break below this point could send EUR/USD down to the multi-month low of 1.0525, the last line of support."

More news about USD/EUR (USDEUR).

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