USD/EUR Bullish Momentum: 0.88% Up In The Last 5 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 0.88% for the last 5 sessions. At 03:08 EST on Thursday, 3 October, USD/EUR (USDEUR) is $0.91.

USD/EUR’s yearly highs and lows, it’s 1.592% up from its 52-week low and 5.001% 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 0.10%, a negative 0.03%, and a positive 0.28%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.32% (last week), 0.28% (last month), and 0.28% (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 oversold (<=20).

News about

  • According to FXStreet on Tuesday, 1 October, "The large moves in the EUR:USD short-term rate differentials are pointing to a weaker EUR/USD now. ", "All in all, barring surprise in EZ and US data, we think EUR/USD can trade back below 1.110 in the next couple of days, and test 1.100 if US unemployment doesn’t tick higher on Friday."
  • Eur/usd declines after inflation miss, strong US jobs data, safe-haven flows. According to FXStreet on Wednesday, 2 October, "The main releases likely to impact EUR/USD on Wednesday are the Eurozone Unemployment Rate for August; US ADP Employment Change data for September and comments from Federal Reserve (Fed) officials, including Fed Governor Michelle Bowman and Richmond Fed President Thomas Barkin."
  • Eur/usd touches three-week low, around 1.1030 amid stronger USD. According to FXStreet on Thursday, 3 October, "This, along with speeches by influential FOMC members, will drive the USD demand and allow traders to grab short-term opportunities around the EUR/USD pair.", "This, in turn, is seen as a key factor that continues to exert downward pressure on the EUR/USD pair."

More news about USD/EUR (USDEUR).

Leave a Reply

Your email address will not be published. Required fields are marked *