(VIANEWS) - USD/EUR (USDEUR) has been up by 1.53% for the last 21 sessions. At 10:06 EST on Thursday, 25 January, USD/EUR (USDEUR) is $0.92.
USD/EUR's yearly highs and lows, it's 3.879% up from its 52-week low and 3.73% down from its 52-week high.
Volatility
USD/EUR's last week, last month's, and last quarter's current intraday variation average was 0.02%, 0.07%, and 0.32%, respectively.
USD/EUR's highest amplitude of average volatility was 0.10% (last week), 0.24% (last month), and 0.32% (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 plunges to new 2024 lows as consumer confidence metrics sour. According to FXStreet on Tuesday, 23 January, "The EUR/USD tumbled into fresh lows for 2024, hitting its lowest bids in nearly six weeks after the Euro extended broad-market declines on the back of souring consumer sentiment and declining bank lending activity confirmed by the latest Bank Lending Survey from the European Central Bank (ECB).", "The EUR/USD fell below the 1.0900 handle on Tuesday for the third time in less than a week after the pair saw a sharp rejection from the 200-hour Simple Moving Average (SMA) near 1.0915, shedding over eight-tenths of a percent top-to-bottom."
- Eur/usd will make a new lower cyclical high at some point this year – socgen. According to FXStreet on Tuesday, 23 January, "If we took the correlation between EUR/USD and the yield differential at face value, that would have the Euro peaking close to 1.2000 but that seems unlikely to us; relative growth trends are likely to be an anchor.", "However, we remain confident enough that a) the ECB will ease more slowly than the Fed and b) rate differentials will matter as much as perceived growth differentials, that EUR/USD will continue its slow-motion recovery and make a new lower cyclical high at some point this year (but well before the US election)."
- Eur/usd analysis: the trend remains bearish - 23 January 2024. According to DailyForex on Tuesday, 23 January, "Despite the current rebound in the EUR/USD pair since the start of the week's trading, the general trend is still bearish, and to create a fundamental change in the trend, bulls must move the currency pair to the resistance levels of 1.1000 and 1.1075, respectively. "
- There is some room for eur/usd to tick back above 1.0900 into Thursday’s ECB announcement – ING. According to FXStreet on Wednesday, 24 January, "We believe the Dollar rallied a bit too far on Tuesday, and there is some room for EUR/USD to tick back above 1.0900 into Thursday's European Central Bank announcement."
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