USD/EUR Bearish Momentum With A 3% Drop In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 3.52% for the last 21 sessions. At 06:07 EST on Tuesday, 4 April, USD/EUR (USDEUR) is $0.91.

USD/EUR’s yearly highs and lows, it’s 0.827% up from its 52-week low and 12.765% 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 0.23%, a negative 0.16%, and a positive 0.48%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.53% (last week), 0.53% (last month), and 0.48% (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

  • Pairs in focus this week – eur/usd, gbp/usd, usd/jpy, aud/usd, usd/chf, usd/cad, S&P 500, nifty 50, gold – 02 April 2023. According to DailyForex on Sunday, 2 April, "The USD/JPY has rallied a bit during the previous week, and it looks like we are trying to stick to that double bottom of support to turn things around. "
  • Usd/jpy price analysis: retraces after failing to crack the 200-dma. According to FXStreet on Monday, 3 April, "From the daily chart perspective, the USD/JPY bullish momentum waned after the pair fell shy of cracking the 200-day EMA. ", "Hence, the USD/JPY resumed its downtrend direction, exacerbated by back-to-back breaks of essential support levels, like the 50 and 20-day EMAs, at 133.25 and 132.72. "
  • Usd/jpy price analysis: hangs near daily low, just below 133.00 amid modest USD weakness. According to FXStreet on Monday, 3 April, "The USD/JPY pair attracts some sellers after touching over a two-week high on Monday and trades just below the 133.00 round-figure mark during the early North American session.", "From a technical perspective, the USD/JPY pair faces rejection near the 133.75 confluence hurdle, comprising the 50% Fibonacci retracement level of the March downfall and the 100-day Simple Moving Average (SMA). "
  • Usd/jpy Marches to 133.50 as yields, US dollar recover ahead of NFP. According to FXStreet on Monday, 3 April, "Adding strength to the USD/JPY pair’s run-up could be the latest challenges to the sentiment, mainly emanating from the Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, known as OPEC+. ", "An upside break of 50-DMA, close to 133.00 at the latest, joins bullish MACD signals and firmer RSI (14), not overbought to direct USD/JPY buyers towards the 100-DMA hurdle of around 133.85."

More news about USD/EUR (USDEUR).

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