USD/EUR Drops By 2% In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 2.08% for the last 21 sessions. At 00:12 EST on Friday, 21 July, USD/EUR (USDEUR) is $0.90.

USD/EUR’s yearly highs and lows, it’s 1.218% up from its 52-week low and 14.358% 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 positive 0.14%, a negative 0.09%, and a positive 0.33%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.20% (last week), 0.35% (last month), and 0.33% (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: room to correct lower before the end of the week – ING. According to FXStreet on Wednesday, 19 July, "For now, they’ve preferred to keep expectations close to two rate hikes (43 bps) as EUR/USD has held above 1.1200 thanks to the Dollar’s still softish momentum.", "We still see room for the overvalued EUR/USD (in the short-term) to correct lower before the end of the week, with a move back to the 1.1150/1.1170 region as a first step."
  • Eur/usd price analysis: bulls flirt with 100-hour SMA support breakpoint, around 1.1225 area. According to FXStreet on Thursday, 20 July, "From a technical perspective, the overnight breakdown through a three-week-old trading range and the 100-hour Simple Moving Average (SMA) warrants some caution before placing fresh bullish bets around the EUR/USD pair. ", "This, in turn, is seen as a key factor acting as a tailwind for the EUR/USD pair, though less hawkish remarks by several European Central Bank (ECB) policymakers this week could cap any meaningful gains, at least for the time being."
  • Eur/usd forex signal: on the cusp of a short-term pullback – 19 July 2023. According to DailyForex on Wednesday, 19 July, "The EUR/USD price was trading at 1.1225, a few pips below this week’s high of 1.1275.", "The EUR/USD price will also react to the latest European consumer inflation data. "
  • According to FXStreet on Wednesday, 19 July, "Price action in EUR/USD pair hints at the idea that further gains might be in store in the short-term horizon.", "Furthermore, the constructive view of EUR/USD appears unchanged as long as the pair trades above the key 200-day SMA."
  • Eur/usd extends pullback from 1.1280 resistance as ECB vs. fed divergence appears dicey. According to FXStreet on Wednesday, 19 July, "It’s worth observing that mixed headlines surrounding China and optimism at the equity markets also tease the EUR/USD bears amid a sluggish session. ", "With this, the EUR/USD is likely to extend the latest pullback amid a light calendar."

More news about USD/EUR (USDEUR).

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