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USD/EUR Bullish Momentum: 0.805% Up In The Last 24 Hours

ViaNews Editorial Team

February 4, 2024

USD/EUR Bullish Momentum: 0.805% Up In The Last 24 Hours

(VIANEWS) - USD/EUR (USDEUR) has been up by 0.8048% for the last session's close. At 17:09 EST on Sunday, 4 February, USD/EUR (USDEUR) is $0.93.

USD/EUR (USDEUR) Range

Regarding USD/EUR's daily highs and lows, it's 1.014% up from its trailing 24 hours low of $0.92 and 0.054% down from its trailing 24 hours high of $0.93.

USD/EUR's yearly highs and lows, it's 4.51% up from its 52-week low and 3.145% down from its 52-week high.

Volatility

USD/EUR's last week, last month's, and last quarter's current intraday variation average was 0.10%, 0.10%, and 0.32%, respectively.

USD/EUR's highest amplitude of average volatility was 0.15% (last week), 0.22% (last month), and 0.32% (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 declines once more as US NFP sends greenback higher. According to FXStreet on Friday, 2 February, "Friday's bearish action sees the EUR/USD tumble out of a familiar consolidation zone between the 200-day and 50-day Simple Moving Averages (SMA), between 1.0900 and 1.0850.", "The EUR/USD continues to drift into the low side in choppy trading, and the pair is down over 3% from December's swing high into 1.1140."
  • Eur/usd: unlikely to see an immediate return to the area above 1.0900 – commerzbank. According to FXStreet on Friday, 2 February, "I would therefore be critical of an immediate return of EUR/USD to the area above 1.0900."
  • According to FXStreet on Friday, 2 February, "On the upside, EUR/USD buyers need a daily closing above the 21-day SMA at 1.0891 to sustain the upside. "
  • Eur/usd extends gains towards 1.0900 as traders brace for NFP. According to FXStreet on Friday, 2 February, "The EUR/USD pair extends its gains for the second consecutive day, edging higher to near 1.0880 during the European session on Friday. ", "A break below this region could push the EUR/USD pair to approach the psychological support at 1.0800, followed by the weekly low at 1.0779."

More news about USD/EUR (USDEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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