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USD/EUR Bullish Momentum With A 3% Jump In The Last 21 Sessions

ViaNews Editorial Team

February 24, 2023

USD/EUR Bullish Momentum With A 3% Jump In The Last 21 Sessions

(VIANEWS) - USD/EUR (USDEUR) has been up by 3.07% for the last 21 sessions. At 08:15 EST on Friday, 24 February, USD/EUR (USDEUR) is $0.95.

USD/EUR's yearly highs and lows, it's 6.591% up from its 52-week low and 9.741% down from its 52-week high.

Volatility

USD/EUR's last week, last month's, and last quarter's current intraday variation average was 0.14%, 0.19%, and 0.43%, respectively.

USD/EUR's highest amplitude of average volatility was 0.23% (last week), 0.45% (last month), and 0.43% (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 price analysis: extends recovery above 1.0660 as investors’ risk-taking capacity improves. According to FXStreet on Wednesday, 22 February, "The EUR/USD pair has sensed a buying interest after dropping to near 1.0640 in the Asian session. "
  • Eur/usd trims gains near 1.0650 ahead of FOMC minutes, fed vs. ECB divergence is in focus. According to FXStreet on Wednesday, 22 February, "A daily closing below the 50-day Exponential Moving Average (EMA), around 1.0680 by the press time, keeps EUR/USD bears hopeful of refreshing monthly low, currently around 1.0610.", "Also adding strength to the EUR/USD run-up were the sluggish US Treasury bond yields after they refreshed a three-month high. "
  • According to FXStreet on Wednesday, 22 February, "The EUR/USD pair flirts with the 1.0600 level by the end of the American session. "
  • Eur/usd bulls move in ahead of the FOMC minutes. According to FXStreet on Wednesday, 22 February, "The US Dollar rose against all G10 except sterling while EUR/USD was choppy but ultimately 40 pips lower to 1.0637. "

More news about USD/EUR (USDEUR).

ViaNews Editorial Team

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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