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USD/EUR Bullish Momentum With A 2% Jump In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.91% for the last 21 sessions. At 17:15 EST on Sunday, 26 February, USD/EUR (USDEUR) is $0.95.

USD/EUR’s yearly highs and lows, it’s 6.646% up from its 52-week low and 9.521% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.14%, 0.19%, and 0.43%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.23% (last week), 0.45% (last month), and 0.43% (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: rising bets for drop to 1.0480. According to FXStreet on Friday, 24 February, "The downside pressure picks up extra impulse and forces EUR/USD to print new monthly lows in the 1.0545/40 band at the end of the week."
  • Eur/usd clings to 1.0600 as German statistics, fed’s preferred inflation gauge loom. According to FXStreet on Friday, 24 February, "To sum up, EUR/USD trades on thin ice ahead of the key data/events but the bearish bias seems more lucrative.", "Previously, the market’s fears that the strong US data and further Federal Reserve (Fed) rate hikes are already priced in seemed to have weighed on the US Treasury bond yields and favored the EUR/USD rebound. "
  • Eur/usd appears offered below 1.0600 ahead of US data. According to FXStreet on Friday, 24 February, "Sellers remain well in control of the mood around the European currency and keep EUR/USD depressed in the 1.0590 region at the end of the week.", "Price action around EUR/USD remains subdued and forces the pair to keep business in the lower end of the recent 6-weeks trading range."
  • Eur/usd: steady losses over the past week look set to extend – scotiabank. According to FXStreet on Friday, 24 February, "Economists at Scotiabank expect the EUR/USD pair to continue under downside pressure for the time being.", "Hawkish comments may slow EUR losses against the USD in the near term but the USD’s overall yield advantage suggests - for now - that a lower EUR/USD remains the most likely outcome."

More news about USD/EUR (USDEUR).

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