(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.06% for the last 10 sessions. At 15:09 EST on Sunday, 20 August, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR’s yearly highs and lows, it’s 8.286% up from its 52-week low and 1.531% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.32%, 0.05%, and 0.25%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.32% (last week), 0.26% (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: weekly forecast 20th August – 26th August – 20 August 2023. According to DailyForex on Sunday, 20 August, "Speculators who are convinced the EUR/USD is now oversold may be proven correct eventually, but the currency pair has traded lower in the mid-term. ", "However, it is likely that market action in the U.S. will continue to spur the EUR/USD in a particular direction."
- Eur/usd to see a boring sideways trade – commerzbank. According to FXStreet on Friday, 18 August, "If I had to opt for one side or the other, I would favor the lower end in EUR/USD since the US economy has so far proven to be more robust than expected but think that everyone is quite happy with the current levels around 1.09."
- Eur/usd: consolidation appears to be the order of the day – scotiabank. According to FXStreet on Friday, 18 August, "Short-term trend momentum has flattened out completely as EUR/USD steadies in a 1.0850-1.0900 trading range (roughly)."
- Eur/usd price analysis: recovery needs validation from 1.0910 hurdle, mid-tier EU catalysts and yields. According to FXStreet on Friday, 18 August, "In a case where the EUR/USD manages to cross the 1.0910 resistance confluence, the odds of witnessing a rally towards the 1.1000 psychological magnet and then to June’s top surrounding 1.1015 can’t be ruled out.", "On the flip side, a four-month-old horizontal support zone near 1.0840-35 appears an immediate challenge for the EUR/USD sellers."
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