(VIANEWS) – USD/EUR (USDEUR) has been up by 2.02% for the last 10 sessions. At 19:08 EST on Tuesday, 1 August, USD/EUR (USDEUR) is $0.91.
USD/EUR’s yearly highs and lows, it’s 2.402% up from its 52-week low and 13.356% 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
- Usd/jpy price analysis: pokes 141.80-142.00 resistance zone on boj’s first special bond buying since February. According to FXStreet on Monday, 31 July, "However, a daily closing beyond the aforementioned horizontal resistance area surrounding the 141.80-142.00 resistance area becomes necessary for the USD/JPY buyers to keep the reins.", "In a case where the USD/JPY bears dominate past 141.00 and the US jobs report disappoints, the multi-month-old rising support line of near 138.20 will be the last defense of the Yen pair buyers."
- Usd/jpy consolidates in a range below 141.00 mark, downside seems cushioned. According to FXStreet on Monday, 31 July, "Apart from this, the upbeat market mood could undermine the safe-haven Japanese Yen (JPY) and lend support to the USD/JPY pair, warranting some caution for aggressive bearish traders and before positioning for the resumption of the recent corrective decline.", "The USD/JPY pair struggles to capitalized on Friday’s solid intraday recovery of over 300 pips from the 138.00 neighbourhood, or a one-and-half-week low and kicks off the new week on a softer note. "
- Usd/jpy technical analysis: central bank of Japan’s policy support the bulls – 31 July 2023. According to DailyForex on Monday, 31 July, "In the long run, and according to the performance on the daily chart, it appears that the USD/JPY pair is about to complete the formation of the Head and Shoulders pattern. ", "In the near term, and according to the performance on the hourly chart, it appears that the USD/JPY currency pair is trading within a bullish channel formation. "
- Path towards 1% for 10y JGB yields should translate into lower usd/jpy and eur/jpy – socgen. According to FXStreet on Monday, 31 July, "The positive correlation between USD/JPY and the Nikkei has been a constant this year.", "In the longer term, the path towards 1% for 10y JGB yields should compress the spread over Treasuries and Bunds and should translate into lower USD/JPY and EUR/JPY."
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