(VIANEWS) – USD/EUR (USDEUR) is currently on bullish momentum. At 16:09 EST on Thursday, 12 May, USD/EUR (USDEUR) is at 0.9635, 1.3464% up since the last session’s close.

USD/EUR (USDEUR) Range

Regarding USD/EUR’s daily highs and lows, it’s 1.378% up from its trailing 24 hours low of $0.95 and 1.304% up from its trailing 24 hours high of $0.95.

USD/EUR’s yearly highs and lows, it’s 18.192% up from its 52-week low and 0.207% down from its 52-week high.

Volatility

USD/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.15%, 0.13%, and 0.41%, respectively.

USD/EUR’s highest amplitude of average volatility was 0.33% (last week), 0.40% (last month), and 0.41% (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 to extend its slide toward 1.0350 on a break below 1.05 – ING. According to FXStreet on Monday, 9 May, "And equally, ECB remarks that it could hike three times this year has had little effect on EUR/USD - faced with a 300bp tightening cycle from the Fed.", "Expect EUR/USD volatility to stay high and a break below 1.0500 could easily be seen this week towards the next major support at 1.0350."
  • According to FXStreet on Monday, 9 May, "The EUR/USD pair fell to 1.0494 but managed to trim losses, ending the day with modest gains in the 1.0560 price zone."
  • Eur/usd to witness additional losses on a dip below 1.05. According to FXStreet on Monday, 9 May, "In case Wall Street’s main indexes open sharply lower and continue to suffer heavy losses, EUR/USD is likely to continue to push lower in the second half of the day."
  • Eur/usd recovering from the trip towards weekly lows. According to FXStreet on Monday, 9 May, "Consequently, EUR/USD sank to 1.04955 in Europe but US yields came under pressureafter the benchmark 10-year note hit fresh 3-1/2 year highs as traders awaited consumer price data and the auction of $103 billion in new government debt later this week.", "The short-covering in the bond market has consequently seenthe early EUR/USD dip below 1.0520 was bought and the single currency neared1.0600."

More news about USD/EUR (USDEUR).

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