(VIANEWS) – USD/EUR (USDEUR) is currently on bearish momentum. At 10:08 EST on Thursday, 11 August, USD/EUR (USDEUR) is at 0.9651, 0.5769% down since the last session’s close.
USD/EUR (USDEUR) Range
About USD/EUR’s daily highs and lows, it’s 0.526% down from its trailing 24 hours low of $0.97 and 0.587% down from its trailing 24 hours high of $0.97.
USD/EUR’s yearly highs and lows, it’s 14.92% up from its 52-week low and 3.941% down from its 52-week high.
USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.31%, a negative 0.04%, and a positive 0.51%, respectively.
USD/EUR’s highest amplitude of average volatility was 0.59% (last week), 0.52% (last month), and 0.51% (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 overbought (>=80).
News about EUR/USD
- Eur/usd stays defensive below 1.0200 as hawkish fed bets propel DXY ahead of US inflation. According to FXStreet on Monday, 8 August, "It should be noted that political jitters in Italy and Moody’s announcement of cutting Italy’s outlook from "Stable" to "Negative", while keeping the sovereign rating at Baa3, also exert downside pressure on the EUR/USD prices.", "However, hawkish bias over the US Federal Reserve’s (Fed) next move and pessimism surrounding the Eurozone keep the EUR/USD bears hopeful."
- Eur/usd bull trap could be in the making, eyes on US CPI. According to FXStreet on Monday, 8 August, "”Although we would expect the EUR/USD 1.01 area to act as solid support going forward, we retain the view that EUR/USD is likely to drop back below parity again on a 1 to 3-month view. ", "Meanwhile, as per the EUR/USD prior analysis, the H1 M-formation pulled in the price and there was a follow-through beyond the neckline resistance which gave way to a stronger correction into the 78.6% Fibonacci retracement level as follows:"
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