(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.83% for the last 5 sessions. At 04:06 EST on Friday, 10 February, GBP/EUR (GBPEUR) is $1.13.
GBP/EUR’s yearly highs and lows, it’s 4.467% up from its 52-week low and 7.319% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.41%, a negative 0.02%, and a positive 0.36%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.51% (last week), 0.30% (last month), and 0.36% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/EUR’s Forex is considered to be oversold (<=20).
News about
- Eur/usd price analysis: bound in 50% and 61.8% fibo retracement ahead of German inflation. According to FXStreet on Wednesday, 8 February, "The EUR/USD pair is oscillating in an extremely narrow range around 1.0730 as investors are awaiting the release of the preliminary German inflation data for fresh impetus. "
- Eur/usd forex signal: strong bullish bounce at 50-day SMA – 08 February 2023. According to DailyForex on Wednesday, 8 February, "My EUR/USD signal yesterday was not triggered, as the bullish price action took place below the support level which I had identified at $1.0766.", "In my analysis yesterday of the EUR/USD currency pair, I thought that we would see consolidation above the $1.07 handle during the London session."
- Eur/usd stays pressured near 1.0700 as fed, ECB policymakers defend higher interest rates. According to FXStreet on Wednesday, 8 February, "While a slew of Fed and ECB policymakers spoke much about defending the restrictive monetary policy, Friday’s upbeat US jobs report and activity data contrast with the comparatively lighter EU statistics to justify the Fed’s hawkish stand, which in turn exerts downside pressure on the EUR/USD price.", "Additionally, a rebound in the US 10-year Treasury bond yields, after a downbeat start to Wednesday, joins Wall Street’s negative closing to weigh on the EUR/USD prices."
- Eur/usd pares weekly losses above 1.0700 amid fed vs. ECB battle, German inflation, EU economic forecasts eyed. According to FXStreet on Thursday, 9 February, "Even so, Federal Reserve (Fed) and US diplomats’ defense of the higher interest rates seems to challenge the EUR/USD buyers amid an inactive session.", "Elsewhere, easing fears surrounding the US and China tension over the balloon shooting seems to have joined the lack of major negatives from elsewhere to underpin the mildly positive mood and propel the EUR/USD as the Euro traders await crucial data."
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