USD/EUR Bullish Momentum: 0.807% Up In The Last 24 Hours

(VIANEWS) – USD/EUR (USDEUR) has been up by 0.8074% for the last session’s close. At 10:08 EST on Friday, 3 February, USD/EUR (USDEUR) is $0.92.

USD/EUR (USDEUR) Range

Concerning USD/EUR’s daily highs and lows, it’s 1.875% up from its trailing 24 hours low of $0.91 and 0.588% up from its trailing 24 hours high of $0.92.

USD/EUR’s yearly highs and lows, it’s 6.195% up from its 52-week low and 11.858% 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 positive 0.15%, a negative 0.09%, and a positive 0.52%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.19% (last week), 0.42% (last month), and 0.52% (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

  • Usd/jpy forex signal: bullish consolidation above ¥129.41 – 01 February 2023. According to DailyForex on Wednesday, 1 February, "If the FOMC statement is bullish on no more rate hikes and optimistic about the US economy, we will be likely to see the US Dollar drop, but it is likely to lose considerably more value against other "risky" currencies instead of the Japanese Yen, so pairs like EUR/USD and AUD/USD will probably be more interesting to trade in this scenario than the USD/JPY currency pair.", "My previous USD/JPY signal on 18th January was not triggered, as there was no bullish price action when the support levels I had identified at ¥129.60 and ¥128.47 were reached that day."
  • Usd/jpy price analysis: slips from bull’s radar, symmetrical triangle in focus. According to FXStreet on Wednesday, 1 February, "Technically, the two-week-long symmetrical triangle restricts the immediate USD/JPY moves.", "Alternatively, the 130.30 resistance confluence restricts immediate USD/JPY upside ahead of the aforementioned triangle’s top line, close to 130.55 as we write."
  • Usd/jpy remains confined in a narrow range as traders keenly await FOMC decision. According to FXStreet on Wednesday, 1 February, "Against the backdrop of a sharp corrective fall from over a three-decade top, the said triangle could be categorized as a bearish pennant and validates the negative outlook for the USD/JPY pair. ", "The fundamental backdrop favours bearish traders and suggests that the path of least resistance for the USD/JPY pair is to the downside."

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