USD/EUR Bullish Momentum: 0.86% Up In The Last 5 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 0.86% for the last 5 sessions. At 12:08 EST on Wednesday, 18 October, USD/EUR (USDEUR) is $0.95.

USD/EUR’s yearly highs and lows, it’s 7.047% up from its 52-week low and 7.843% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.05%, 0.03%, and 0.30%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.35% (last week), 0.29% (last month), and 0.30% (last quarter), respectively.

News about

  • Eur/usd trades with mild positive bias above 1.0500 mark, lacks bullish conviction. According to FXStreet on Monday, 16 October, "The US Dollar (USD) struggles to capitalize on its post-US CPI gains registered over the past two trading days and oscillates in a range during the Asian session on Monday, which, in turn, is seen lending some support to the EUR/USD pair. ", "Traders will further take cues from Fedspeaks, which, along with the US bond yields and the broader risk sentiment, will influence the USD price dynamics and provide some impetus to the EUR/USD pair. "
  • Eur/usd forex signal: more downside as it falls below rising wedge pattern – 16 October 2023. According to DailyForex on Monday, 16 October, "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`});Bearish viewSell the EUR/USD pair and set a take-profit at 1.0400.", "The EUR/USD retreated on Monday as geopolitical risks continued rising and as US bond yields continued retreating. "
  • According to FXStreet on Monday, 16 October, "At the time of writing, EUR/USD is trading near 1.0518, holding higher while adding 0.07% on the day"
  • According to FXStreet on Monday, 16 October, "As long as the EUR/USD remains below the 200-day SMA, there is a potential for sustained downward pressure.", "If the upward momentum continues, there is a possibility that EUR/USD could revisit the September 20 high of 1.0736 and potentially reach the significant 200-day Simple Moving Average (SMA) at 1.0822. "
  • Eur/usd price analysis: posts modest gains above 1.0500, upside seems limited. According to FXStreet on Monday, 16 October, " According to the four-hour chart, the EUR/USD pair holds below the 50- and 100-hour Exponential Moving Averages (EMAs) with a downward slope, which means the path of least resistance for the pair is to the downside. ", " That being said, the immediate resistance level for EUR/USD is seen near the 50-hour EMA at 1.0558. "

More news about USD/EUR (USDEUR).

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