(VIANEWS) – USD/EUR (USDEUR) has been up by 1.69% for the last 21 sessions. At 19:06 EST on Tuesday, 6 February, USD/EUR (USDEUR) is $0.93.
USD/EUR’s yearly highs and lows, it’s 4.781% up from its 52-week low and 2.894% 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 0.12%, a positive 0.04%, and a positive 0.31%, respectively.
USD/EUR’s highest amplitude of average volatility was 0.37% (last week), 0.21% (last month), and 0.31% (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
- Eur/usd analysis: downward trend gains strength – 05 February 2024. According to DailyForex on Monday, 5 February, "Today, the EUR/USD pair will be affected by the announcement of the Purchasing Managers’ Index reading for the services sector from the Eurozone and the United States of America, in addition to the extent of investors’ appetite for risk or not.", "Bank expectations for the EUR/USD rate: According to ING Bank, a decisive breakout of the 1.0790-1.0800 range opens the way for the 1.0715/25 support areas. "
- Eur/usd weakens to 1.0780 ahead of German trade balance, eurozone PMI data. According to FXStreet on Monday, 5 February, "The EUR/USD pair faces some selling pressure above the mid-1.0700s during the early Asian trading hours on Monday. "
- Eur/usd dips amid powell’s remarks, high US yields. According to FXStreet on Monday, 5 February, "At the time of writing, the EUR/USD trades at 1.0742 after hitting a high of 1.0785.", "The EUR/USD has fallen below the 100-day moving average (DMA) at 1.0783, diving to a new year-to-date (YTD) low of 1.0725, about to pierce the December 8 low of 1.0723. "
- Eur/usd will be more comfortable in a 1.0400 to 1.1200 range than at levels closer to 1.2000 – rabobank. According to FXStreet on Monday, 5 February, "We maintain our one-month EUR/USD forecast of 1.0700 and our three-month target of 1.0500.", "For this reason, we see risk of EUR/USD being more comfortable in a 1.0400 to 1.1200 range over the next couple of years than at levels closer to 1.2000."
- According to DailyForex on Monday, 5 February, "Within the current market dynamics, it is highly probable that the EUR/USD pair will continue to fluctuate within this particular range. ", "Traders may consider using the EUR/USD pair as an indicator for developments related to the US dollar rather than as a direct reflection of the European economic situation. "
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