(VIANEWS) – EUR/USD (EURUSD) is currently on bearish momentum. At 17:06 EST on Wednesday, 14 July, EUR/USD (EURUSD) is at 1.1841, 2.37% down since the last session’s close.
EUR/USD (EURUSD) Range
Concerning EUR/USD’s daily highs and lows, it’s 0.509% up from its trailing 30 days low of $1.18 and 1.391% down from its trailing 30 days high of $1.20.
EUR/USD’s yearly highs and lows, it’s 4.06% up from its 52-week low and 4.121% down from its 52-week high.
EUR/USD’s last week, last month’s, and last quarter’s current volatility was a negative 0.52%, a negative 0.20%, and a positive 0.46%, respectively.
EUR/USD’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.52% (last week), 0.39% (last month), and 0.46% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/USD’s Forex is considered to be overbought (>=80).
Last news about EUR/USD (EURUSD)
Eur/usd price analysis: A deeper pullback could see 1.1700 retested. According to FXStreet on Wednesday, 14 July, "Further out, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2001."
Eur/usd seen testing 2021 lows in the current quarter – CIBC. According to FXStreet on Monday, 12 July, "Analysts at CIBC, forecast the EUR/USD pair at 1.17 for the third quarter and at 1.15 by the first quarter of 2022. ", "An extended period of ECB policy inactivity, in contrast to the Fed, underlines a continued paring of real money EUR longs, with EUR/USD testing 2021 lows in the current quarter as a result."
Eur/usd can reach the 1.23 level before end-2021 – ING. According to FXStreet on Monday, 12 July, "Yet November and December are seasonally weak months for the dollar and assuming that the Eurozone recovery goes to plan, EUR/USD should still rally to the 1.23 area.", "That window for our forecast EUR/USD move as high as 1.28 looks to be closed on a more hawkish Fed."
Eur/usd has room to rise on Tuesday above critical resistance at 1.1880. According to FXStreet on Tuesday, 13 July, "The Delta covid variant is spreading rapidly on both sides of the Atlantic - and this is a win-win for EUR/USD bears. "
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