USD/EUR Bullish Momentum: 0.98% Up In The Last 10 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 0.98% for the last 10 sessions. At 09:11 EST on Thursday, 9 February, USD/EUR (USDEUR) is $0.93.

USD/EUR’s yearly highs and lows, it’s 6.54% up from its 52-week low and 11.572% 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 0.15%, a negative 0.09%, and a positive 0.52%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.19% (last week), 0.42% (last month), and 0.52% (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: long-term trend remains tilted to the upside – socgen. According to FXStreet on Tuesday, 7 February, "The rally in EUR/USD came to a shuddering halt after the dovish market interpretation of the ECB rate decision. ", "The longer-term trend for EUR/USD remains tilted to the upside thanks to the improved terms of trade, the boost in economic growth in China, narrowing of Fed/ECB policy spread and attractive valuation."
  • Eur/usd stabilizes above 1.0700 despite fed’s powell confirming further policy tightening. According to FXStreet on Tuesday, 7 February, "The EUR/USD pair has shifted its auction profile above the round-level resistance of 1.0700 in the early Asian session. "
  • Eur/usd extends the decline and pierces 1.0700. According to FXStreet on Tuesday, 7 February, "Sellers remain well in control of the sentiment in the global markets and now drag EUR/USD briefly to the sub-1.0700 region on Tuesday.", "The steep sell-off in EUR/USD post-US NFP remains unabated on Tuesday and drags the pair to briefly test multi-week lows in the sub-1.0700 zone."
  • Eur/usd price analysis: mildly bid between five-week-old horizontal support and 200-sma. According to FXStreet on Tuesday, 7 February, "Even if the quote stays firmer past 1.0765 SMA hurdle, a downward-sloping resistance line from the last Thursday, around 1.0830 at the latest, could act as the last defense of the EUR/USD bears.", "Meanwhile, multiple levels marked since late December 2022, around 1.0710, challenge the EUR/USD bears. "

More news about USD/EUR (USDEUR).

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