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USD/EUR Bullish Momentum: 0.83% Up In The Last 5 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 0.83% for the last 5 sessions. At 10:07 EST on Tuesday, 30 July, USD/EUR (USDEUR) is $0.93.

USD/EUR’s yearly highs and lows, it’s 3.097% up from its 52-week low and 3.292% 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 0.06%, a negative 0.09%, and a positive 0.24%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.15% (last week), 0.18% (last month), and 0.24% (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 extends upside above 1.0850, eyes on eurozone gdp, fed rate decision. According to FXStreet on Monday, 29 July, "The EUR/USD pair trades with mild gains around 1.0860 during the early Asian trading hours on Monday. "
  • Eur/usd price analysis: moves above 1.0850 toward the upper boundary of channel. According to FXStreet on Monday, 29 July, "However, the 14-day Relative Strength Index (RSI), a momentum indicator, is still positioned above the 50 level, suggesting a bullish sentiment for the EUR/USD pair. ", "The EUR/USD pair could test a potential resistance at the upper boundary of the descending channel around the level of 1.0890, followed by the psychological level of 1.0900. "
  • Pure excitement in eur/usd – commerzbank. According to FXStreet on Monday, 29 July, "This week will be one of the most exciting weeks for EUR/USD in a long time, with the first estimate of euro area Q2 GDP due Tuesday, followed by euro area July inflation and the Federal Reserve (Fed) meeting on Wednesday, and US payrolls on Friday, Commerzbank’s FX analyst Michael Pfister notes."
  • Eur/usd price analysis: oscillates in a range above 100-day SMA ahead of German CPI. According to FXStreet on Tuesday, 30 July, "level near the 1.0730 area, below which the EUR/USD pair is likely to challenge the June monthly swing low, around the 1.0660 region, with some intermediate support near the 1.0700 round-figure mark.", "Apart from this, key US macro data scheduled at the start of a new month, including the Nonfarm Payrolls (NFP) report on Friday, will be looked for cues about the Federal Reserve’s (Fed) rate-cut path, which, in turn, will influence the USD and the EUR/USD pair."

More news about USD/EUR (USDEUR).

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