(VIANEWS) – USD/EUR (USDEUR) is currently on bearish momentum. At 15:19 EST on Sunday, 18 September, USD/EUR (USDEUR) is at 0.9973, 0.98% down since the last session’s close.
USD/EUR (USDEUR) Range
Concerning USD/EUR’s daily highs and lows, it’s 1.023% up from its trailing 14 days low of $0.99 and 1.316% down from its trailing 14 days high of $1.01.
USD/EUR’s yearly highs and lows, it’s 17.192% up from its 52-week low and 1.618% down from its 52-week high.
USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.07%, 0.06%, and 0.47%, respectively.
USD/EUR’s highest amplitude of average volatility was 0.57% (last week), 0.43% (last month), and 0.47% (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 oversold (<=20).
News about EUR/USD
- Eur/usd retests 0.9985 support as fed bias, doubts over ECB test bulls ahead of US data. According to FXStreet on Friday, 16 September, "Even so, the negative divergence with the two-year bond yields keeps signaling recession fears and weighing on the EUR/USD prices. ", "Bullish MACD signals and the steady RSI joins the 21-DMA support near 0.9985 to defend EUR/USD buyers before a two-month-old horizontal support region near 0.9945-55."
- Eur/usd rises from weekly lows to highest in three days above 1.0030. According to FXStreet on Friday, 16 September, "The EUR/USD rose from 0.9970 and climbed to 1.0035, hitting the highest level since Tuesday amid a reversal of the US dollar across the board following University of Michigan’s Consumer Sentiment report.", "On European hours, the EUR/USD hit the lowest level in a week under 0.9950 and a few hours later printed a multi-day high,driven by a weaker dollar, affected byUoM Consumer Sentiment. "
- Eur/usd price analysis: justifies 21-dma breakout around 1.0000. According to FXStreet on Friday, 16 September, "To sum up, EUR/USD is up for short-term recovery but the bearish trend is likely to prevail.", "Meanwhile, a downside break of the 21-DMA level surrounding 0.9985 isn’t an open invitation to the EUR/USD sellers as a two-month-old horizontal support region near 0.9945-55 appears a tough nut to crack."
- Eur/usd: sellers to retain control if 0.9950 fails. According to FXStreet on Friday, 16 September, "In case EUR/USD falls below that level and starts using it as resistance, it could extend its slide toward 0.9900 (psychological level) and 0.9865 (September 6 low).", "In order to convince buyers of a steady recovery, EUR/USD needs to break above 1.0000 (psychological level, 100-period SMA). "
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