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

(VIANEWS) – USD/EUR (USDEUR) has been up by 1.31% for the last 10 sessions. At 22:10 EST on Sunday, 10 December, USD/EUR (USDEUR) is $0.93.

USD/EUR’s yearly highs and lows, it’s 4.736% up from its 52-week low and 2.936% 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 0.29%, a negative 0.03%, and a positive 0.31%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.29% (last week), 0.37% (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 oversold (<=20).

News about

  • According to FXStreet on Friday, 8 December, "With the Relative Strength Index (RSI) on the daily chart flashing oversold conditions, a sustained strength beyond might trigger a short-covering rally and allow the USD/JPY pair to reclaim the 145.00 psychological mark.", "This, along with a sharp USD pullback from a two-week high touched on Wednesday, led to the USD/JPY pair’s overnight slump to its lowest level since August."
  • Usd/jpy climbing back into 145.00, clawing back losses after tumble from 147.00. According to FXStreet on Friday, 8 December, "Thursday’s dip and Friday’s moderate recovery sees the USD/JPY setting up a technical bounce from the 200-day SMA just above 142.00, and the trick for Greenback bidders will be to push the pair back towards the 147.00 handle, where they can take a fresh run at the 50-day SMA parked just below the 150.00 major price level.", "Despite the Dollar-positive NFP release, the USD/JPY remains deep in the red for the trading week after the Yen surged in one of its single best trading days in 13 months, fueled by speculation that the BoJ could finally be ending its negative rate regime as the Japanese central bank moves towards tighter monetary policy."

More news about USD/EUR (USDEUR).

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