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USD/EUR Bullish Momentum: 0.913% Up In The Last 24 Hours

ViaNews Editorial Team

December 18, 2023

USD/EUR Bullish Momentum: 0.913% Up In The Last 24 Hours

(VIANEWS) - USD/EUR (USDEUR) has been up by 0.9128% for the last session's close. At 22:12 EST on Sunday, 17 December, USD/EUR (USDEUR) is $0.92.

USD/EUR (USDEUR) Range

Regarding USD/EUR's daily highs and lows, it's 0.979% up from its trailing 24 hours low of $0.91 and 0.163% down from its trailing 24 hours high of $0.92.

USD/EUR's yearly highs and lows, it's 3.461% up from its 52-week low and 4.117% 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 overbought (>=80).

News about

  • Eur/usd tumbles below 1.0900 as data trumps ECB hawkishness. According to FXStreet on Friday, 15 December, "The EUR/USD tumbled sharply late in the New York session after hitting a ten-day high of 1.1009, but better than expected data from the United States (US), coupled with weaker than expected business activity report from the Eurozone (EU) was the perfect storm for the bears. ", "Although Powell failed to push back against speculations on rate cuts, it exacerbated the EUR/USD rally past the 1.1000 mark."
  • Eur/usd: price target raised to 1.15 – commerbank. According to FXStreet on Friday, 15 December, "As a result, our previous price target for EUR/USD (1.12) looks more likely and even slightly under-ambitious. "
  • Eur/usd gathers strength near 1.1000 ahead of the eurozone US PMI data. According to FXStreet on Friday, 15 December, "The EUR/USD pair gains momentum near the 1.1000 mark during the early Asian session on Friday. ", "In response to the ECB's decision, the Euro (EUR) attracted some buyers and lifted the EUR/USD pair. "
  • According to FXStreet on Friday, 15 December, "Today, disappointing European PMI data have prevented EUR/USD from kicking on after breaking above 1.10 on Thursday and that is going to be a familiar pattern as long as the European economy struggles."

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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