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

(VIANEWS) – USD/EUR (USDEUR) has been up by 1.76% for the last 21 sessions. At 13:10 EST on Sunday, 11 February, USD/EUR (USDEUR) is $0.93.

USD/EUR’s yearly highs and lows, it’s 4.533% up from its 52-week low and 3.124% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.23%, 0.08%, and 0.33%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.39% (last week), 0.26% (last month), and 0.33% (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

  • According to FXStreet on Friday, 9 February, "Traders might also prefer to wait for next week’s release of the latest US consumer inflation figures for cues about the Fed’s future policy decisions, which will play a key role in influencing the near-term USD price dynamics and determining the next leg of a directional move for the USD/JPY pair.", "The latter should act as a key pivotal point, which if broken decisively might prompt some technical selling and drag the USD/JPY pair back to the 148.00 round figure. "
  • Usd/jpy should have upside potential – commerzbank. According to FXStreet on Friday, 9 February, "As long as such players have yet to capitulate, USD/JPY should have upside potential."
  • Usd/jpy forecast: dollar continues to rise overall against yen – 09 February 2024. According to DailyForex on Friday, 9 February, "From a technical standpoint, the USD/JPY pair may target the 152 yen level in the near term, representing a key resistance level. ", "Overall, the outlook for the USD/JPY pair remains bullish, driven by fundamental factors such as interest rate differentials and monetary policy dynamics. "

More news about USD/EUR (USDEUR).

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