USD/EUR Bullish Momentum: 0.91% Up In The Last 5 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 0.91% for the last 5 sessions. At 06:08 EST on Friday, 19 January, USD/EUR (USDEUR) is $0.92.

USD/EUR’s yearly highs and lows, it’s 3.608% up from its 52-week low and 3.981% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.29%, 0.01%, and 0.34%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.34% (last week), 0.28% (last month), and 0.34% (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

  • Eur/usd: 1.0800 looks to be the near-term bias – ING. According to FXStreet on Wednesday, 17 January, "1.0800 looks to be the near-term bias for EUR/USD and we are pleased that, despite the geopolitical environment, EUR/CHF is moving higher in line with a thesis of higher Euro rates being the dominant factor here."
  • Eur/usd signal: more downside as global risks rise – 17 January 2024. According to DailyForex on Wednesday, 17 January, "The EUR/USD exchange rate continued its sell-off ahead of the upcoming European inflation and US retail sales data. ", "The EUR/USD pair continued falling as several European Central Bank (ECB) officials warned about interest rates. "
  • According to DailyForex on Thursday, 18 January, "In the EUR/USD pair price, the euro initially weakened against the US dollar on Wednesday, reflecting the ongoing market turbulence. "
  • According to FXStreet on Wednesday, 17 January, "The EUR/USD tumbled into the 1.0850 region in intraday action on Wednesday, getting pushed further away from the 200-hour Simple Moving Average (SMA) near 1.0940. ", "Wednesday’s downside momentum sees the EUR/USD exploring the 200-day Simple Moving Average, running into technical support at the key moving average and falling into a potential congestion zone between the 50-day and 200-day SMAs just below 1.0900."
  • According to FXStreet on Wednesday, 17 January, "Despite this week’s move by EUR/USD below the 1.09 level, the Euro (EUR) remains the third best performing G10 currency in the year to date after the US Dollar (USD) and the Pound Sterling (GBP). ", "While we note that EUR/USD is currently trading well below most model-based predictions of fair value, we are concerned that the relative buoyancy of the EUR belies sour growth fundamentals in the Eurozone and specifically in Germany."

More news about USD/EUR (USDEUR).

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