(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.03% for the last 5 sessions. At 09:07 EST on Thursday, 6 July, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR’s yearly highs and lows, it’s 8.425% up from its 52-week low and 2.21% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.33%, 0.07%, and 0.25%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.33% (last week), 0.28% (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 slides beneath 1.0900 ahead of eurozone ppi, fed minutes. According to FXStreet on Tuesday, 4 July, "Further, the downbeat German data and comparatively more hawkish Fed signals than from the European Central Bank (ECB) keep the EUR/USD bears hopeful.", "Moving on, EUR/USD may witness further downside amid the return of the full markets and the looming risk-off mood. "
- According to FXStreet on Tuesday, 4 July, "Despite this, the EUR/USD pair has not been able to break through the critical level of 1.0900 this week, due to the general lack of direction in risk appetite trends.", "The constructive view of EUR/USD appears unchanged as long as the pair trades above the crucial 200-day SMA, today at 1.0602."
- Eur/usd forex signal: selling off from resistance area above $1.0920 – 04 July 2023. According to DailyForex on Tuesday, 4 July, "My previous EUR/USD signal on 26th June was not triggered, as the bullish price action took place a bit below the support level identified at $1.0899.", "In my previous analysis of the EUR/USD currency pair on Monday last week, I wrote that the technical picture had become bullish, but also that as the support level at $1.0899 was very confluent with a round number, there could be a long scalping opportunity here, but the price was unlikely to move much."
- Eur/usd technical analysis: moving in narrow ranges – 04 July 2023. According to DailyForex on Tuesday, 4 July, "But if Monday’s survey and price action in EUR/USD are any guide, this week’s US data could be more of a downside risk for the euro than anything else especially if European economic numbers continue to confuse economists’ forecasts.", "That was why he was restricted to the darn range." "We expect the euro to outperform by buying EUR/USD, with a target of 1.12 by the end of August," he added.EUR/USD Technical OutlookThere is no change in my technical point of view for the performance of the price of the EUR/USD currency pair, only the performance on the daily chart below."
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