USD/EUR Bullish Momentum With A 1% Jump In The Last 10 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 1.72% for the last 10 sessions. At 01:06 EST on Thursday, 18 May, USD/EUR (USDEUR) is $0.92.

USD/EUR’s yearly highs and lows, it’s 2.363% up from its 52-week low and 11.973% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.24%, 0.04%, and 0.42%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.34% (last week), 0.31% (last month), and 0.42% (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

  • Usd/jpy forecast: dollar sees value hunting against the yen – 17 May 2023. According to DailyForex on Wednesday, 17 May, "Given the current environment, it is challenging to envision a scenario where the USD/JPY pair deviates from its established trajectory. "
  • Usd/jpy looks to build on bullish move beyond 137.00, 200 DMA on stronger USD. According to FXStreet on Wednesday, 17 May, "Nevertheless, the aforementioned fundamental backdrop suggests that the path of least resistance for the USD/JPY pair is to the upside. ", "The USD/JPY pair scales higher for the fifth successive day on Wednesday and climbs to over a two-week high during the early European session. "
  • Usd/jpy retakes 136.00 as hawkish remarks by fed’s mester help revive USD demand. According to FXStreet on Tuesday, 16 May, "The US Dollar (USD) recovers its intraday losses in reaction to hawkish remarks by Cleveland Federal Reserve President Loretta Mester and turns out to be a key factor lending support to the USD/JPY pair. ", "The USD/JPY pair attracts some dip-buying on Tuesday and move back above the 136.00 mark during the early North American session, closer to a one-and-half-week high touched the previous day."
  • Usd/jpy prods five-day uptrend above 136.00 on upbeat Japan gdp, receding US default fears. According to FXStreet on Wednesday, 17 May, "Unless dropping back below the early-month top surrounding 135.50, the USD/JPY remains capable of marking another attempt in crossing the 200-DMA hurdle of around 137.10.", "It should be noted that the Bank of Japan (BoJ) officials have been defending easy money policy and hence keeping the monetary policy divergence between the Fed and the BoJ intact, which in turn propel the USD/JPY prices."
  • Usd/jpy price analysis: snaps two-day uptrned near 136.00 on breaking immediate support. According to FXStreet on Tuesday, 16 May, "On the contrary, USD/JPY recovery remains elusive unless breaking a horizontal resistance area comprising tops marked since April 28, close to 136.30-35.", "With this, the USD/JPY pair appears all set to test the 50% Fibonacci retracement level of its April 26 to May 02 upside, near 135.40."

More news about USD/EUR (USDEUR).

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