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USD/EUR Bullish Momentum: 0.85% Up In The Last 5 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 0.85% for the last 5 sessions. At 20:11 EST on Tuesday, 23 July, USD/EUR (USDEUR) is $0.92.

USD/EUR’s yearly highs and lows, it’s 2.766% up from its 52-week low and 3.71% down from its 52-week high.

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

  • According to FXStreet on Monday, 22 July, "The USD/JPY could limit its upside as the US Dollar (USD) faces challenges due to rising bets on a Federal Reserve (Fed) rate cut in September increase and concerns about the fragility of the US labor market persist. ", "A break above this level could see the USD/JPY pair testing the resistance around the psychological level of 162.00."
  • According to FXStreet on Monday, 22 July, "Insofar as the Trump trade implies a stronger USD, US politics will play into the outlook for USD/JPY this year."
  • Usd/jpy price analysis: technicals suggest further downside seen. According to FXStreet on Monday, 22 July, "The USD/JPY registered losses of more than 0.20% on Monday, remaining near the top of the narrowest part of the Ichimoku Cloud (Kumo) as traders eye further downside. ", "From a technical perspective, the USD/JPY is neutral to downward biased as more bearish technical signals emerge. "
  • According to FXStreet on Tuesday, 23 July, "The USD/JPY pair faces challenges as the US Dollar (USD) struggles due to rising bets on a Federal Reserve (Fed) rate cut in September. ", "A breakout above this level could push the USD/JPY pair toward the resistance around the psychological level of 162.00."

More news about USD/EUR (USDEUR).

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