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USD/EUR Bullish Momentum: 0.92% Up In The Last 5 Sessions

ViaNews Editorial Team

October 3, 2024

USD/EUR Bullish Momentum: 0.92% Up In The Last 5 Sessions

(VIANEWS) - USD/EUR (USDEUR) has been up by 0.92% for the last 5 sessions. At 16:11 EST on Thursday, 3 October, USD/EUR (USDEUR) is $0.91.

USD/EUR's yearly highs and lows, it's 1.637% up from its 52-week low and 4.959% 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

  • Eur/usd posts modest gains above 1.1050, traders await US ADP report. According to FXStreet on Wednesday, 2 October, "The EUR/USD pair trades with mild gains around 1.1070 during the Asian trading hours on Wednesday. "
  • Eur/usd slides lower on increasing pessimism about European economy, tighter fed, USD haven flows. According to FXStreet on Thursday, 3 October, "Rising geopolitical tensions in the Middle East further support the US Dollar because the Greenback is viewed as a safe-haven in times of crisis, further weighing on the EUR/USD pair. "
  • Eur/usd touches three-week low, around 1.1030 amid stronger USD. According to FXStreet on Thursday, 3 October, "This, in turn, is seen as a key factor that continues to exert downward pressure on the EUR/USD pair.", "This contributes to the offered tone surrounding the EUR/USD pair and supports prospects for an extension of this week's sharp pullback from a 19-month peak."

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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