(VIANEWS) – USD/EUR (USDEUR) has been up by 1.05% for the last 10 sessions. At 21:06 EST on Monday, 12 August, USD/EUR (USDEUR) is $0.91.
USD/EUR’s yearly highs and lows, it’s 1.883% up from its 52-week low and 4.431% down from its 52-week high.
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 appreciates above 1.0900, upside seems limited due to middle east tensions. According to FXStreet on Monday, 12 August, "Expectations for a potential interest rate cut by the Federal Reserve (Fed) in September could put pressure on the US Dollar (USD), potentially providing support for the EUR/USD pair. "
- Eur/usd price forecast: 1.1000 appears to be a tough nut to crack for buyers. According to FXStreet on Monday, 12 August, "The EUR/USD pair trades with mild gains around 1.0920 during the early European session on Monday. ", " According to the daily chart, the bullish outlook of EUR/USD prevails as the major pair remains well above the key 100-day Exponential Moving Average (EMA). "
- Eur/usd holds steady with US inflation figures over the horizon. According to FXStreet on Monday, 12 August, "Fiber continues to trade on the high side of a rough descending channel that has weighed on EUR/USD for the duration of 2024. ", "A rising pattern of higher lows is solidifying on daily candlesticks, but EUR/USD is still poised for another dip back into the 200-day Exponential Moving Average (EMA) near 1.0800 if bidders don’t return to the fold and get EUR/USD bolstered into fresh near-term highs."
More news about USD/EUR (USDEUR).
