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

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.08% for the last 10 sessions. At 11:13 EST on Friday, 16 June, USD/EUR (USDEUR) is $0.91.

USD/EUR’s yearly highs and lows, it’s 1.487% up from its 52-week low and 12.727% 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 0.30%, a negative 0.04%, and a positive 0.37%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.42% (last week), 0.31% (last month), and 0.37% (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

  • Usd/jpy price analysis: previous resistance line, fed’s hawkish halt keeps yen bears hopeful past 139.90. According to FXStreet on Wednesday, 14 June, "Apart from the previous resistance line, the bullish MACD signals and upbeat RSI (14) line also keeps the USD/JPY buyers hopeful.", "Following that, the 61.8% Fibonacci Expansion (FE) of its May 16 to June 01 moves, near 141.70, could gain the USD/JPY bull’s attention."
  • According to FXStreet on Thursday, 15 June, "Amidst the relentless rally in the USD/JPY pair, Japanese Chief Cabinet Secretary Matsuno is out with some verbal intervention to rescue the Yen.", "At the time of writing, USD/JPY is flirting with 141.00, shrugging off the above comments. "
  • Usd/jpy to see another big fall in the next few months – socgen. According to FXStreet on Wednesday, 14 June, "However, another change is likely in the coming months (we forecast one next month), and if we’re also close to the latest peak in US yields, it seems almost inevitable that we’ll see another big USD/JPY fall in the next few months."
  • Usd/jpy holds steady above 140.00, flirts with multi-week-old trading range hurdle. According to FXStreet on Thursday, 15 June, "The US Dollar (USD) now seems to have stabilized just above a one-month low touched the previous day, which, in turn, is seen as a key factor lending support to the USD/JPY pair. ", "The USD/JPY pair edges higher during the Asian session on Thursday and looks to build on the previous day’s late rebound of over 70 pips from the 139.30-139.25 region. "
  • Usd/jpy looks to build on momentum beyond 141.00, highest since November 2022. According to FXStreet on Thursday, 15 June, "The USD/JPY pair catches aggressive bids during the Asian session on Thursday and touches the 141.00 mark for the first time since November 2022, confirming a breakout through a two-week-old trading range.", "This marks a big divergence in comparison to the BoJ’s dovish outlook and acts as a tailwind for the USD/JPY pair."

More news about USD/EUR (USDEUR).

Leave a Reply

Your email address will not be published. Required fields are marked *