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USD/EUR Bearish Momentum: 1% Down In The Last 10 Sessions

USD/EUR Bearish Momentum: 1% Down In The Last 10 Sessions

(VIANEWS) - USD/EUR (USDEUR) has been up by 1% for the last 10 sessions. At 11:11 EST on Thursday, 4 July, USD/EUR (USDEUR) is $0.92.

USD/EUR's yearly highs and lows, it's 4.262% up from its 52-week low and 3.375% down from its 52-week high.

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

  • According to FXStreet on Tuesday, 2 July, "At the time of writing, EUR/USD is dropping 0.18% on the day to trade near 1.0720."
  • Eur/usd carries a heavy weighting within DXY – rabobank. According to FXStreet on Wednesday, 3 July, "Despite the uncertainties connected with the French election, the EUR/USD is trading slightly above its mid-June levels as the market reacts to an increase in expectations that Le Pen's far-right party will fail to win an outright parliamentary majority in Sunday's run-off election."
  • Eur/usd price analysis: hovers around 1.0750 within the consolidative range. According to FXStreet on Tuesday, 2 July, "On the upside, the EUR/USD pair may encounter resistance at the 50-day Exponential Moving Average (EMA) situated at 1.0769. ", "The EUR/USD pair may test the lower level of the range at 1.0670, which also acts as a throwback support. "

More news about USD/EUR (USDEUR).

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Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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