(VIANEWS) – USD/EUR (USDEUR) has been up by 1.85% for the last 10 sessions. At 23:06 EST on Wednesday, 2 August, USD/EUR (USDEUR) is $0.91.
USD/EUR’s yearly highs and lows, it’s 3.101% up from its 52-week low and 12.765% 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 0.21%, a negative 0.04%, and a positive 0.32%, respectively.
USD/EUR’s highest amplitude of average volatility was 0.44% (last week), 0.35% (last month), and 0.32% (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 August, "Furthermore, the constructive view of EUR/USD appears unchanged as long as the pair trades above the key 200-day SMA.", "During the first half of the week, the Euro (EUR) continued to face selling pressure against the US Dollar (USD), causing EUR/USD to once again decline below the 1.1000 level on turnaround Tuesday."
- Eur/usd forex signal: looking weakly bearish below $1.1000 – 01 August 2023. According to DailyForex on Tuesday, 1 August, "My previous EUR/USD signal on 24th July was not triggered, as none of the key levels were reached that day.", "In my previous analysis of the EUR/USD currency pair on 24th July, I wrote that the drop below the former support level at $1.1089 was a bearish sign, so I was looking for a potential short trade from two consecutive lower hourly closes below $1.1070 after New York opens."
- Eur/usd price analysis: euro bears approach 1.0960 key support ahead of US ISM pmi, jolts job opening. According to FXStreet on Tuesday, 1 August, "However, the sluggish MACD signals and below 50.0 levels of the RSI (14) suggests bottom-picking of the EUR/USD pair, which in turn highlights an upward-sloping support line from May 31, around 1.0960 by the press time, as the key challenge to the Euro bears.", "Following that, the 50% Fibonacci retracement of the pair’s May-July upside, close to 1.0955, and the latest swing low of around 1.0945 may act as intermediate halts during the EUR/USD fall targeting the previous monthly low of around 1.0830."
- Eur/usd technical analysis: the selling pressure remains – 01 August 2023. According to DailyForex on Tuesday, 1 August, "As I mentioned yesterday, the EUR/USD currency pair may remain under downward pressure until the markets react to the announcement of inflation numbers in the eurozone and US job numbers. ", "This needs to hold to suggest weakness is corrective before strength returns to 1.1152 and then a retest of 1.1275/77," he added.EUR/USD Technical OutlookThe price of the EUR/USD currency pair is heading lower, forming lower highs linked to a stable downtrend line since mid-July."
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