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USD/EUR Bullish Momentum: 0.87% Up In The Last 5 Sessions

ViaNews Editorial Team

January 18, 2024

USD/EUR Bullish Momentum: 0.87% Up In The Last 5 Sessions

(VIANEWS) - USD/EUR (USDEUR) has been up by 0.87% for the last 5 sessions. At 04:09 EST on Thursday, 18 January, USD/EUR (USDEUR) is $0.92.

USD/EUR's yearly highs and lows, it's 3.619% up from its 52-week low and 3.971% 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 Wednesday, 17 January, "The needle-like march north in USD/JPY surpassed the 148.00 barrier amidst the continuation of the upside momentum in the greenback in combination with another firm session in US yields across the board. "
  • Usd/jpy gathers strength under the 146.00 barrier on the renewed US dollar demand. According to FXStreet on Tuesday, 16 January, "The USD/JPY pair holds positive ground below the 146.00 barrier during the early Asian session on Tuesday. "
  • Usd/jpy analysis: completing the upward bounce - 16 January 2024. According to DailyForex on Tuesday, 16 January, "On the other hand, bullish expectations will be affected if the USD/JPY pair price returns below the support at 144.20. "
  • According to FXStreet on Wednesday, 17 January, "This should help limit the downside for the USD/JPY pair near the 146.10-146.00 region. ", "From a technical perspective, the USD/JPY pair pauses near the 147.45-147.50 confluence, comprising the 100-day SMA and the 61.8% Fibonacci retracement level of the November-December downfall. "

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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