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

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.83% for the last 21 sessions. At 16:08 EST on Monday, 5 June, USD/EUR (USDEUR) is $0.93.

USD/EUR’s yearly highs and lows, it’s 3.539% up from its 52-week low and 10.962% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.01%, 0.12%, and 0.40%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.37% (last week), 0.29% (last month), and 0.40% (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 forex signal: muted economic calendar ahead – 05 June 2023. According to DailyForex on Monday, 5 June, "The EUR/USD price retreated slightly after a series of mixed economic data from Europe and the United States. ", "The EUR/USD pair jumped to 1.07783 on Friday and then quickly pulled back after the latest non-farm payrolls (NFP) data. "
  • Eur/usd price analysis: euro bears attack 1.0690-85 key support as US data looms. According to FXStreet on Monday, 5 June, "That said, the quote’s clear U-turn from the 100-day Exponential Moving Average (EMA), currently around 1.0770, allows the EUR/USD bears to prod a convergence of the 200-day EMA and an upward-sloping trend line from late November 2022.", "It’s worth noting that the broad US Dollar and downbeat concerns about the Eurozone keep the EUR/USD bears hopeful as traders await the US ISM Services PMI and Factory Orders."
  • Eur/usd stays depressed near 1.0700 ahead of US factory orders, ISM services PMI. According to FXStreet on Sunday, 4 June, "It’s worth noting, however, that the market’s risk-on mood put a floor under the EUR/USD price as US President Joe Biden signed the debt-ceiling bill and avoided the ‘catastrophic’ default. ", "It should be observed that the Fed policymakers are stipulated for any public comments ahead of next week’s Federal Open Market Committee(FOMC), which in turn may allow the EUR/USD to pare some of the latest losses in a case where the US data flash downbeat prints."
  • Eur/usd strengthens amidst slowing US economy, hawkish ECB comments. According to FXStreet on Monday, 5 June, "From a technical perspective, the EUR/USD is neutral to downward biased, though testes briefly the 200-day Exponential Moving Average (EMA) at 1.0687, though bounced for the third time. ", "on the flip side, the EUR/USD first resistance would be the 100-day EMA at 1.0769, the 20-day EMA at 1.0788, and the 1.0800 figure."

More news about USD/EUR (USDEUR).

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