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

ViaNews Editorial Team

February 10, 2023

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

(VIANEWS) - USD/EUR (USDEUR) has been up by 1.62% for the last 21 sessions. At 11:09 EST on Friday, 10 February, USD/EUR (USDEUR) is $0.94.

USD/EUR's yearly highs and lows, it's 6.852% up from its 52-week low and 10.733% 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 0.15%, a negative 0.09%, and a positive 0.52%, respectively.

USD/EUR's highest amplitude of average volatility was 0.19% (last week), 0.42% (last month), and 0.52% (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: the yen weakness is here to stay – Goldman Sachs. According to FXStreet on Thursday, 9 February, "Indeed, JPY underperformed most other major currencies on the day, pushing up USD/JPY towards our 3-month forecast of 132."
  • Usd/jpy traces softer yields to slid beneath 131.00, US president biden’s SOTU eyed. According to FXStreet on Wednesday, 8 February, "Looking forward, USD/JPY pair traders should rely on the Bank of Japan (BoJ) talks to aim for further downside, especially amid recent hawkish concerns surrounding the Japanese central bank. ", "A U-turn from the 50-DMA, around 132.40 at the latest, directs USD/JPY towards the 130.00 round figure."
  • Usd/jpy climbs above 131.80 as anxiety soars ahead of boj governor nominations. According to FXStreet on Thursday, 9 February, "The USD/JPY pair has accelerated above the critical resistance of131.80 in the Tokyo session. ", "Amamiya's appointment would be most supportive for the USD/JPY upside while Yamaguchi's appointment could weigh down the Japanese Yen."

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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