(VIANEWS) – USD/EUR (USDEUR) is currently on bullish momentum. At 19:07 EST on Sunday, 18 September, USD/EUR (USDEUR) is at 0.9978, 1.06% up since the last session’s close.
USD/EUR (USDEUR) Range
Regarding USD/EUR’s daily highs and lows, it’s 1.074% up from its trailing 7 days low of $0.99 and 0.627% down from its trailing 7 days high of $1.00.
USD/EUR’s yearly highs and lows, it’s 17.25% up from its 52-week low and 1.569% 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 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 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: 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). "
- Eur/usd: the 1.00 level could remain an anchor over the coming days – ING. According to FXStreet on Friday, 16 September, "The euro has displayed a reduced sensitivity to ECB communication recently and the unstable risk environment mixed with a strong dollar may keep EUR/USD upside capped for now despite the recent decline in gas prices."
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