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

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.39% for the last 21 sessions. At 07:10 EST on Tuesday, 18 April, USD/EUR (USDEUR) is $0.91.

USD/EUR’s yearly highs and lows, it’s 0.853% up from its 52-week low and 13.127% down from its 52-week high.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/EUR’s Forex is considered to be oversold (<=20).

News about

  • Eur/usd rebound approaches 1.1000 as US dollar fades recovery, ecb’s lagarde, pmis in focus. According to FXStreet on Monday, 17 April, "Moving on, ECB President Lagarde is scheduled to speak one more time in the day and can entertain EUR/USD traders. ", "Even so, the recently firmer US data and hawkish Fed talks challenge the EUR/USD bulls amid a sluggish start to the key week comprising the preliminary readings of PMIs for April."
  • Eur/usd stumbles on fed rate hike speculations, slides below 1.1000. According to FXStreet on Monday, 17 April, "The EUR/USD first support would be 1.0900, followed by the 20-day Exponential Moving Average (EMA) at 1.0881. ", "At the time of writing, the EUR/USD is trading at 1.0911 after hitting a YTD high at 1.1075."
  • Eur/usd price analysis: extends pullback from one-year high to 1.0970 horizontal support. According to FXStreet on Monday, 17 April, "Adding strength to the downside bias is the previous day’s EUR/USD decline below the horizontal area comprising multiple levels marked since early February, as well as a one-week-old ascending trend line.", "However, an upward-sloping support line from mid-March and the 100-SMA, respectively near 1.0910 and 1.0895, can challenge the EUR/USD bears before offering them a free hand to prod the monthly low of 1.0788."
  • Eur/usd faces barricades around 1.1000 as chances for fed’s rate hike remain stubborn. According to FXStreet on Sunday, 16 April, "The EUR/USD pair is struggling to extend its recovery above the psychological resistance of 1.1000 in the early Asian session. "

More news about USD/EUR (USDEUR).

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