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

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.95% for the last 21 sessions. At 20:10 EST on Wednesday, 5 April, USD/EUR (USDEUR) is $0.92.

USD/EUR’s yearly highs and lows, it’s 1.103% up from its 52-week low and 12.526% 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 0.26%, a negative 0.17%, and a positive 0.47%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.55% (last week), 0.53% (last month), and 0.47% (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 forecast: euro faces challenges, but shows strength – 05 April 2023. According to DailyForex on Wednesday, 5 April, "However, the EUR/USD market is currently in an extreme high and it remains to be seen whether the gains will be sustained. "
  • Eur/usd forex signal: extremely bullish above 1.0935 – 04 April 2023. According to DailyForex on Tuesday, 4 April, "The main catalyst for the EUR/USD pair was the surprise decision by OPEC+ to slash oil production by more than 1 million barrels. ", "The EUR/USD pair also reacted to the latest European and US manufacturing PMI numbers. "
  • Eur/usd clings to mild gains at two-month high below 1.1000, US pmis, ADP employment data eyed. According to FXStreet on Wednesday, 5 April, "Not only the upbeat signal for the old continent but downbeat US data and the greenback’s less acceptance among the key global trade players seem to keep the EUR/USD pair buyers hopeful.", "Looking forward, EUR/USD traders should pay attention to the final readings of the Germany and Eurozone PMIs for intermediate directions ahead of the US ISM Services PMI and ADP Employment Change for March. "
  • A higher eur/usd certainly looks the direction of travel for the rest of the year – ING. According to FXStreet on Tuesday, 4 April, "Overall, we suspect that the market will be reluctant to chase EUR/USD above 1.10 yet given concerns about the regional US banking system. ", "But a higher EUR/USD certainly looks the direction of travel for the rest of the year."
  • Eur/usd rises above 1.0900 on growing speculation for a fed pause. According to FXStreet on Tuesday, 4 April, "From a daily chart perspective, the EUR/USD triplet bottom remains in play, targeting 1.1000. ", "On Monday, the EUR/USD dipped and tested the 20-day EMA at 1.0788 before skyrocketing above 1.0900. "

More news about USD/EUR (USDEUR).

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