USD/EUR Bullish Momentum With A 2% Jump In The Last 10 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.15% for the last 10 sessions. At 12:07 EST on Wednesday, 17 May, USD/EUR (USDEUR) is $0.92.

USD/EUR’s yearly highs and lows, it’s 2.385% up from its 52-week low and 11.954% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.15%, 0.06%, and 0.42%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.33% (last week), 0.32% (last month), and 0.42% (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

  • Eur/usd price analysis: euro bears poised to meet 100-dma around 1.0800. According to FXStreet on Monday, 15 May, "In a case where the EUR/USD price remains bearish past 1.0750, the odds of witnessing a gradual south-run towards the yearly low of near 1.0480 and then to the 200-DMA support of around 1.0455 can’t be ruled out.", "However, the RSI (14) line trades below the 50 level and hence suggest bottom-picking, which in turn can help the EUR/USD price to rebound from the 100-DMA support of around 1.0800."
  • Eur/usd forex signal: sell-off has room to run before rebounding – 15 May 2023. According to DailyForex on Monday, 15 May, "The EUR/USD exchange rate continued its bearish trend, helped by the strong US dollar. ", "The key EUR/USD news on Monday will be the upcoming EU economic forecasts report by the European Commission. "
  • Eur/usd: potential for further gains is limited – crédit agricole. According to FXStreet on Monday, 15 May, "In the view of economists at Crédit Agricole EUR/USD is overbought and vulnerable.", "In addition, FX investors have seemingly already built considerable EUR/USD long positions in recent months, potentially limiting further gains."

More news about USD/EUR (USDEUR).

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