USD/EUR Bullish By 2% In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.54% for the last 21 sessions. At 19:09 EST on Tuesday, 22 August, USD/EUR (USDEUR) is $0.92.

USD/EUR’s yearly highs and lows, it’s 3.924% up from its 52-week low and 12.068% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.07%, 0.10%, and 0.30%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.09% (last week), 0.26% (last month), and 0.30% (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 oversold (<=20).

News about

  • Eur/usd: weekly forecast 20th August – 26th August – 20 August 2023. According to DailyForex on Sunday, 20 August, "The EUR/USD went into the weekend near the 1.08725 ratio as it created a one-month low and finds its value floating near what could be considered crucial mid-term support. ", "Speculators who are convinced the EUR/USD is now oversold may be proven correct eventually, but the currency pair has traded lower in the mid-term. "
  • Eur/usd moves away from multi-week low set on Friday, lacks bullish conviction. According to FXStreet on Monday, 21 August, "The US Dollar (USD) kicks off the new week on a subdued note and consolidates its recent gains to its highest level since July 12, which, in turn, is seen as a key factor lending some support to the EUR/USD pair. ", "Apart from this, speculations that the European Central Bank (ECB) will halt its streak of nine consecutive rate hikes in September might further contribute to keeping a lid on the EUR/USD pair. "
  • Eur/usd remains depressed below 1.0900, us/eu pmi, ecb’s lagarde and fed’s powell eyed. According to FXStreet on Sunday, 20 August, "Although the nearly oversold RSI (14) line challenges EUR/USD bears, a convergence of the 100-day Exponential Moving Average (EMA) and a downward-sloping trend line from July 18, close to 1.0905-10 by the press time, guards immediate recovery of the Euro pair.", "In addition to the data line that favored the US Dollar, the easing of the dovish bias about the Federal Reserve (Fed), backed by the latest Fed Minutes, also weighed on the EUR/USD price. "
  • Eur/usd forex signal: falling wedge pattern forms – 21 August 2023. According to DailyForex on Monday, 21 August, "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:’ReviewsNonPartner’,id:’horizontal-top-5′,size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});Bullish viewBuy the EUR/USD pair and set a take-profit at 1.0915.", "The EUR/USD came under pressure as the US bond yields jumped following the moderately hawkish Federal Reserve minutes."

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