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USD/EUR Bullish Momentum With A 4% Jump In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 4.97% for the last 21 sessions. At 13:09 EST on Tuesday, 7 November, USD/EUR (USDEUR) is $0.93.

USD/EUR’s yearly highs and lows, it’s 5.412% up from its 52-week low and 7.095% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.28%, a negative 0.08%, and a positive 0.29%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.45% (last week), 0.31% (last month), and 0.29% (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

  • Usd/jpy trades with a mild positive bias above mid-149.00s, lacks follow-through. According to FXStreet on Monday, 6 November, "The USD/JPY pair attracts some dip-buying on the first day of a new week and for now, seems to have stalled a three-day-old corrective decline from the 151.70 area, or its highest level since October 2022 touched last Tuesday. ", "Apart from this, the Bank of Japan’s dovish stance, along with the prevalent risk-on environment, is seen undermining the safe-haven Japanese Yen (JPY) and acting as a tailwind for the USD/JPY pair."
  • Usd/jpy technical analysis: when can you buy? – 06 November 2023. According to DailyForex on Monday, 6 November, "Recently, USD/JPY record gains reached the resistance level of 151.70, its highest level in a year, and we recommended Selling near that peak resulted in strong gains.", "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 descending channel. "
  • Usd/jpy consolidates in a range around 150.00, modest USD strength lends support. According to FXStreet on Tuesday, 7 November, "The upside for the USD/JPY pair, however, seems limited in the wake of speculations that Japanese authorities will intervene in the FX market to combat a sustained depreciation in the domestic currency. ", "The USD/JPY pair struggles to capitalize on the previous day’s positive move and seesaws between tepid gains/minor losses during the Asian session on Tuesday. "
  • According to FXStreet on Monday, 6 November, "The USD/JPY is clinging to 149.81 at the time of writing on Monday afternoon, just below the intraday high of 149.83. ", "Ultimately, as the saying goes, the "trend is your friend" and for USD/JPY the short, medium and long-term trends are all still bullish, suggesting the odds continue to favor more upside eventually."

More news about USD/EUR (USDEUR).

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