(VIANEWS) – EUR/JPY (EURJPY) is currently on bearish momentum. At 18:11 EST on Tuesday, 17 August, EUR/JPY (EURJPY) is at 128.3030, 0.99% down since the last session’s close.
EUR/JPY (EURJPY) Range
Concerning EUR/JPY’s daily highs and lows, it’s 0.146% down from its trailing 7 days low of $128.49 and 1.069% down from its trailing 7 days high of $129.69.
EUR/JPY’s yearly highs and lows, it’s 5.493% up from its 52-week low and 4.341% down from its 52-week high.
EUR/JPY’s last week, last month’s, and last quarter’s current volatility was a negative 0.04%, a negative 0.11%, and a positive 0.49%, respectively.
EUR/JPY’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.22% (last week), 0.31% (last month), and 0.49% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/JPY’s Forex is considered to be overbought (>=80).
News about EUR/USD
Eur/usd to move back to the lower half of the 1.17/1.18 range – ING. According to FXStreet on Monday, 16 August, "We doubt that the jump in EUR/USD on Friday to the 1.1800 level was the start of a more extended rally.", "We are inclined to think EUR/USD risks remain skewed to the downside this week, and we could see the pair moving back to the lower half of the 1.1700/1.1800 range."
Eur/usd to edge lower towards 1.16 on fed’s hawkish tilt – rabobank. According to FXStreet on Monday, 16 August, "Subsequently, economists at Rabobank have revised down their six-month EUR/USD forecast to 1.16 from 1.17.", "As the Fed transitions into its next policy phase, we have lowered our six-month EUR/USD forecast to 1.16 from 1.17."
According to FXStreet on Monday, 16 August, "On Wednesday, July CPI data will be featured in the European economic docket and a significant reaction in the EUR/USD pair could impact the USD’s market valuation. "
Eur/usd price analysis: another test of 1.1700 is not ruled out. According to FXStreet on Monday, 16 August, "In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2006."
Eur/usd pares heaviest jump since May around 1.1800 on USD rebound. According to FXStreet on Monday, 16 August, "Looking forward, fears of the virus woes weighing on the economic recovery could keep weighing on the EUR/USD prices amid a light calendar. ", "The 21-DMA restricts the immediate upside of the EUR/USD prices around 1.1800 whereas a downward sloping trend line from early June, surrounding 1.1830, adds to the upside filters. "
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