(VIANEWS) – USD/EUR (USDEUR) has been up by 1.96% for the last 21 sessions. At 06:06 EST on Tuesday, 6 February, USD/EUR (USDEUR) is $0.93.
USD/EUR’s yearly highs and lows, it’s 5.063% up from its 52-week low and 2.633% 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 0.12%, a positive 0.04%, and a positive 0.31%, respectively.
USD/EUR’s highest amplitude of average volatility was 0.37% (last week), 0.21% (last month), and 0.31% (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 will be more comfortable in a 1.0400 to 1.1200 range than at levels closer to 1.2000 – rabobank. According to FXStreet on Monday, 5 February, "We maintain our one-month EUR/USD forecast of 1.0700 and our three-month target of 1.0500.", "For this reason, we see risk of EUR/USD being more comfortable in a 1.0400 to 1.1200 range over the next couple of years than at levels closer to 1.2000."
- Eur/usd price analysis: holds below 1.0800 ahead of German, eurozone services PMI data. According to FXStreet on Monday, 5 February, "The hawkish remarks from Federal Reserve (Fed)Chairman Jerome Powellprovide some support to the US Dollar (USD) and exert some selling pressure on the EUR/USD pair. ", "The EUR/USD pair remains on the defensive during the early European session on Monday. "
- Eur/usd languishes near YTD low as traders continue to trim fed rate cut bets. According to FXStreet on Monday, 5 February, "Given that oscillators on the daily chart are holding deep in the negative territory and are still away from being in the oversold zone, the EUR/USD pair might then slide to the December 2023 swing low, around the 1.0725-1.0720 region. ", "The EUR/USD pair remains under heavy selling pressure for the second straight day on Monday and drops to a fresh YTD low, around mid-1.0700s during the first half of the European session. "
- According to DailyForex on Monday, 5 February, "Within the current market dynamics, it is highly probable that the EUR/USD pair will continue to fluctuate within this particular range. ", "Traders may consider using the EUR/USD pair as an indicator for developments related to the US dollar rather than as a direct reflection of the European economic situation. "
More news about USD/EUR (USDEUR).
