USD/EUR Jumps By 1% In The Last 21 Sessions

(VIANEWS) – USD/EUR (USDEUR) has been up by 1.56% for the last 21 sessions. At 03:07 EST on Wednesday, 26 June, USD/EUR (USDEUR) is $0.93.

USD/EUR’s yearly highs and lows, it’s 5.412% up from its 52-week low and 2.309% down from its 52-week high.

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  • According to FXStreet on Tuesday, 25 June, "Our eurozone macro team sees continued stress here and we would therefore warn against chasing EUR/USD back to and over 1.08, since there are still many possibly bearish chapters to play out here. "
  • Eur/usd hangs near its lowest level since early May, seems vulnerable below 1.0700 mark. According to FXStreet on Monday, 24 June, "The EUR/USD pair remains depressed for the third straight day on Monday and trades around the 1.0690-1.0685 region during the Asian session, just above its lowest level since early May.", "This, along with some follow-through US Dollar (USD) buying, turns out to be key factors exerting downward pressure on the EUR/USD pair."
  • Eur/usd: topside for eur/usd is very limited – societe generale. According to FXStreet on Monday, 24 June, "Meanwhile, a regression of EUR/USD against the OAT/Bund yield differential suggests that EUR/USD ought to be heading to parity. ", "At the very least, the topside for EUR/USD is very limited and while it has a bit of a Monday morning bid today, I doubt we’ll get back to EUR/USD 1.08, let alone higher."
  • According to FXStreet on Monday, 24 June, "We see risks skewed to the downside for EUR/USD before the Friday-Sunday events in the US and the EU."
  • Eur/usd price analysis: falls to near 1.0700 before a throwback support. According to FXStreet on Wednesday, 26 June, "On the upside, the EUR/USD pair could meet the immediate barrier at the 14-day Exponential Moving Average (EMA) at the level of 1.0743. ", "The EUR/USD pair could find immediate support at the psychological level of 1.0700. "

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