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USD/EUR Bullish Momentum With A 1% Jump In The Last 21 Sessions

ViaNews Editorial Team

October 10, 2023

USD/EUR Bullish Momentum With A 1% Jump In The Last 21 Sessions

(VIANEWS) - USD/EUR (USDEUR) has been up by 1.52% for the last 21 sessions. At 09:06 EST on Tuesday, 10 October, USD/EUR (USDEUR) is $0.94.

USD/EUR's yearly highs and lows, it's 6.438% up from its 52-week low and 9.038% 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 negative 0.17%, a positive 0.04%, and a positive 0.31%, respectively.

USD/EUR's highest amplitude of average volatility was 0.22% (last week), 0.29% (last month), and 0.31% (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 overbought (>=80).

News about

  • Usd/jpy holds above 149.00 mark, upside remains capped on Israeli-palestinian conflict. According to FXStreet on Monday, 9 October, "The USD/JPY pair struggles to capitalize on Friday's positive move and opens with a modest bearish gap on the first day of a new week. ", "This, in turn, holds back the USD bulls from placing fresh bets and caps the upside for the USD/JPY pair. "
  • Usd/jpy drops on risk-aversion spurred on middle-east tensions, falling US bond yields. According to FXStreet on Monday, 9 October, "The USD/JPY remains neutral to upward bias, with price action remaining above the Ichimoku Cloud (Kumo). ", "On the other hand and the path of least resistance, the USD/JPY could test the 150.00 figure, but first it needs to conquer 149.00"
  • Usd/jpy price analysis: struggles to capitalize on modest intraday bounce from one-week low. According to FXStreet on Tuesday, 10 October, "A generally positive risk tone is seen undermining the safe-haven Japanese Yen (JPY) and turning out to be a key factor lending some support to the USD/JPY pair. ", "The latter should act as a key pivotal point, below which the USD/JPY pair is likely to accelerate the fall towards the 147.30 area, or the lowest level since September 14 touched last Tuesday. "

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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