(VIANEWS) – USD/EUR (USDEUR) has been up by 1.6% for the last 21 sessions. At 08:06 EST on Wednesday, 7 February, USD/EUR (USDEUR) is $0.93.
USD/EUR’s yearly highs and lows, it’s 4.6% up from its 52-week low and 3.062% down from its 52-week high.
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 price analysis: holds below 1.0800 ahead of German, eurozone services PMI data. According to FXStreet on Monday, 5 February, " Technically, the bearish outlook of EUR/USD remains intact as the major pair is below the key 100-period Exponential Moving Averages (EMA) with a downward slope on the four-hour chart. ", "The EUR/USD pair remains on the defensive during the early European session on Monday. "
- According to DailyForex on Monday, 5 February, "Within the current market dynamics, it is highly probable that the EUR/USD pair will continue to fluctuate within this particular range. ", "Traders may consider using the EUR/USD pair as an indicator for developments related to the US dollar rather than as a direct reflection of the European economic situation. "
- Eur/usd weakens to 1.0780 ahead of German trade balance, eurozone PMI data. According to FXStreet on Monday, 5 February, "The EUR/USD pair faces some selling pressure above the mid-1.0700s during the early Asian trading hours on Monday. "
- Eur/usd to drift higher in the second half of the year – MUFG. According to FXStreet on Monday, 5 February, "We remain neutral on EUR/USD in H1 but see a slowing US economy emerging, contrasting somewhat with a modest pick-up in Eurozone growth which will allow for EUR/USD to drift higher in H2, although the move will be curtailed by US political risks."
More news about USD/EUR (USDEUR).
