(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.81% for the last 5 sessions. At 02:06 EST on Wednesday, 30 August, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.399% up from its 52-week low and 1.342% 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 negative 0.21%, a positive 0.01%, and a positive 0.26%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.21% (last week), 0.23% (last month), and 0.26% (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 overbought (>=80).
News about
- Eur/usd price analysis: euro stays defensive above 1.0770 support ahead of German/us data. According to FXStreet on Tuesday, 29 August, "To sum up, EUR/USD buyers remain hopeful but the upside needs a strong fundamental push to cross the sturdy hurdles.", "It’s worth noting that a convergence of the 10-DMA and a 13-day-long falling trend line guards immediate recovery of the EUR/USD pair near 1.0850."
- Eur/usd price analysis: pair retraces recent losses, plods above 1.0800. According to FXStreet on Monday, 28 August, "A break above that level could support the EUR/USD pair to explore the area around the 14-day EMA at 1.0874 level, followed by the 1.0900 psychological level.", "The 14-day Relative Strength Index (RSI) remains below 50, which suggests a bearish bias of the EUR/USD traders. "
- Eur/usd: euro bulls approach 1.0850 as US dollar traces softer yields, focus on German/us statistics. According to FXStreet on Monday, 28 August, "A convergence of the 13-day-old falling resistance line and the 10-day SMA, around 1.0850 by the press time, restricts the immediate upside of the EUR/USD pair even as the nearly oversold RSI conditions lure the buyers.", "Moving on, Germany’s GfK Consumer Confidence Survey for September will become the immediate catalyst for the EUR/USD pair and may please the buyers in a case of matching the -24.3 expectations, versus -24.4 prior. "
- Eur/usd price analysis: holds above the 1.0800 mark, upside seems limited. According to FXStreet on Tuesday, 29 August, " The immediate resistance level for EUR/USD appears at 1.0845-1.0850 region, representing a confluence of the 50-hour EMA and the upper boundary of the Bollinger Band. ", "Adding to this, the Relative Strength Index (RSI) remains below 50, supporting EUR/USD sellers for now. "
- Eur/usd forex signal: bearish ahead of US consumer confidence data – 29 August 2023. According to DailyForex on Tuesday, 29 August, "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:’ReviewsNonPartner’,id:’horizontal-top-5′,size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});Bearish viewSell the EUR/USD pair and set a take-profit at 1.0750.", "The EUR/USD exchange rate has been in a consolidation phase in the past two days and is hovering at the lowest level since June. "
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