(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.99% for the last 21 sessions. At 11:09 EST on Friday, 2 June, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.63% up from its 52-week low and 2.928% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.27%, 0.13%, and 0.25%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.27% (last week), 0.24% (last month), and 0.25% (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: bearish impulsive eyes 1.0530, German inflation and fed’s beige book. According to FXStreet on Wednesday, 31 May, "Additionally favoring the EUR/USD seller is the RSI (14) line which still has some room before hitting the oversold territory, suggesting a gradual south-run of the major currency pair.", "Meanwhile, the aforementioned horizontal region surrounding 1.0700-15 precedes the descending resistance line, close to 1.0725 at the latest, to restrict short-term EUR/USD recovery."
- Eur/usd steadies near 1.0700 as eurozone inflation, ecb’s lagarde and US employment data loom. According to FXStreet on Thursday, 1 June, "Above all, the US policymakers’ voting on the debt-ceiling bill in the Senate and ECB President Christine Lagarde’s speech will be crucial to observe as the EUR/USD buyers are flexing muscles but the US Dollar bulls are less likely to leave the ground.", "the latest low of 1.0635 and the 1.0600 round figure may prod the EUR/USD bears before directing them to March’s bottom surrounding 1.0515."
- Eur/usd drops past 1.0700 on upbeat US data, risk aversion. According to FXStreet on Wednesday, 31 May, "At the time of writing, the EUR/USD is trading at 1.0663m, down by more than 0.60%.", "Therefore, the EUR/USD tumbled 30 pips, from around 1.0690, toward the 1.0660 area, Following the data release. "
- Eur/usd dips to fresh 2-month lows near 1.0660. According to FXStreet on Wednesday, 31 May, "Sellers remain well in control of the sentiment around the European currency and now force EUR/USD to drop to 2-month lows near 1.0660 on Wednesday.", "The sell-off in EUR/USD appears unabated and revisits the 1.0660 region, or 2-month lows, on Wednesday."
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