(VIANEWS) – EUR/USD drops to 1.18800. This is largely unchanged over a single day heading into Tuesday’s European Open. The major currency pairs fail to maintain the week-start optimism virus and pre-data/events warning, which bolster the US dollar bulls.
FXStreet reports that key-week traders started the week positive, with weekend covid numbers coming from Australia and Britain. The recent US data downturn has kept a lid on easy-money policies. Corporate earnings season, however, is looking brighter, allowing Wall Street to revise its record high.
EUR/USD (EURUSD) is currently on bullish momentum. At 11:06 EST on Thursday, 29 July, EUR/USD (EURUSD) is at 1.1892, 1.06% up since the last session’s close.
EUR/USD (EURUSD) Range
Concerning EUR/USD’s daily highs and lows, it’s 1.071% up from its trailing 7 days low of $1.18 and 0.329% up from its trailing 7 days high of $1.19.
EUR/USD’s yearly highs and lows, it’s 2.447% up from its 52-week low and 3.709% down from its 52-week high.
EUR/USD’s last week, last month’s, and last quarter’s current volatility was a negative 0.06%, a negative 0.10%, and a positive 0.42%, 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 0.10% (last week), 0.25% (last month), and 0.42% (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 oversold (<=20).
Last news about EUR/USD (EURUSD)
Eur/usd could rebound to the 1.1860/1.1930 band – commerzbank. According to FXStreet on Wednesday, 28 July, “Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, noted EUR/USD could extend the bounce to the 1.1860/1.1930 zone.”
Eur/usd looks supported around 1.1800, focus on the fed. According to FXStreet on Wednesday, 28 July, “The single currency adds to the weekly recovery vs. the dollar and motivates EUR/USD to extend the recent breakout of the 1.1800 mark on Wednesday.”, “The recovery in EUR/USD met a tough barrier in the low-1.1800s for the time being, coming back from last week’s lows in the 1.1750 zone. ”
Eur/usd price analysis: bulls knock the door ahead of fed. According to FXStreet on Tuesday, 27 July, “It becomes crucial to note that the EUR/USD advances past 1.1900 will be challenged by the 1.1975-80 region comprising late June tops and convergence of the 50-DMA and 100-DMA.”, “Also challenging the EUR/USD bears will be the yearly low near the 1.1700 round figure.”
Eur/usd on a firmer footing, approaches 1.1800. According to FXStreet on Monday, 26 July, “The single currency leaves part of the recent selling pressure behind and now pushes EUR/USD closer to the key 1.1800 neighbourhood on Monday.”, “After two consecutive daily pullbacks, EUR/USD now regains the smile and looks to retake the area further north of the 1.1800 mark in a context favourable to the risk-associated universe.”
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