(VIANEWS) – USD/EUR (USDEUR) is currently on bullish momentum. At 18:13 EST on Tuesday, 17 August, USD/EUR (USDEUR) is at 0.8538, 0.58% up since the last session’s close.
USD/EUR (USDEUR) Range
Regarding USD/EUR’s daily highs and lows, it’s 0.779% up from its trailing 24 hours low of $0.85 and 0.471% up from its trailing 24 hours high of $0.85.
USD/EUR’s yearly highs and lows, it’s 5.446% up from its 52-week low and 0.894% down from its 52-week high.
USD/EUR’s last week, last month’s, and last quarter’s current volatility was a negative 0.08%, a positive 0.15%, and a positive 0.40%, respectively.
USD/EUR’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.14% (last week), 0.27% (last month), and 0.40% (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 pares heaviest jump since May around 1.1800 on USD rebound. According to FXStreet on Monday, 16 August, "Additionally, chatters surrounding the monetary policy adjustments by the European Central Bank (ECB) and the US Federal Reserve (Fed) confuse the EUR/USD traders. ", "Looking forward, fears of the virus woes weighing on the economic recovery could keep weighing on the EUR/USD prices amid a light calendar. "
Eur/usd to move back to the lower half of the 1.17/1.18 range – ING. According to FXStreet on Monday, 16 August, "We doubt that the jump in EUR/USD on Friday to the 1.1800 level was the start of a more extended rally.", "We are inclined to think EUR/USD risks remain skewed to the downside this week, and we could see the pair moving back to the lower half of the 1.1700/1.1800 range."
Eur/usd to nosedive to 1.12 in 2022 on stark fed/ecb contrast – socgen. According to FXStreet on Monday, 16 August, "FX analysts at Société Générale have updated their euro forecast from 1.22 to 1.19 in 2021 and from 1.26 to 1.12 in 2022, pointing to much weaker EUR/USD than previously anticipated.", "To justify EUR/USD trading down to 1.12 (our 3Q22 forecast), the yield differential needs to widen by over 100bp. "
Eur/usd price analysis: another test of 1.1700 is not ruled out. According to FXStreet on Monday, 16 August, "In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2006."
Eur/usd price analysis: bulls brace for 11-week-old hurdle around 1.1800. According to FXStreet on Sunday, 15 August, "In a case where the EUR/USD bears keep reins below 1.1700, the late 2020 numbers surrounding 1.1600 should return to the chart."
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