(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.87% for the last 21 sessions. At 18:15 EST on Thursday, 2 November, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 2.847% up from its 52-week low and 2.702% 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 0.06%, a negative 0.01%, and a positive 0.21%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.18% (last week), 0.14% (last month), and 0.21% (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
- According to FXStreet on Tuesday, 31 October, "The Euro (EUR) keeps the optimism well and sound in the first half of the week against the US Dollar (USD), lifting EUR/USD to new five-day highs in the proximity of 1.0675on Tuesday, an area also coincident with the temporary 55-day SMA.", "Next on the upside for EUR/USD comes the interim 55-day Simple Moving Average (SMA) at 1.0669 prior to the October peak of 1.0694 (October 24). "
- Eur/usd seen navigating a broad 1.0450-1.0730 near term – UOB. According to FXStreet on Tuesday, 31 October, "The current price movements are likely part of a consolidation phase, and EUR/USD is likely to trade in a range between 1.0450 and 1.0730 for the next couple of months.", "At this stage, EUR/USD does not appear to have enough momentum to break clearly below 1.0315."
- Eur/usd remains on the defensive, trades just above 1.0600 mark ahead of eurozone CPI. According to FXStreet on Tuesday, 31 October, "The prospects for further tightening by the Federal Reserve (Fed) remain supportive of elevated US Treasury bond yield and assist the USD in attracting some dip-buying, which, in turn, is seen acting as a headwind for the EUR/USD pair. ", "The EUR/USD pair struggles to capitalize on the previous day’s positive move and trades with a mild negative bias during the Asian session on Tuesday. "
- Eur/usd price analysis: retraces the recent gains, hovers below 1.0600. According to FXStreet on Tuesday, 31 October, "Additionally, the EUR/USD pair appears to be encountering subdued momentum, as evidenced by the 14-day Relative Strength Index (RSI). ", "A breakthrough above the latter could inspire the bulls of the EUR/USD to revisit the monthly low at the 1.0694 level."
- According to FXStreet on Tuesday, 31 October, "At the time of writing, the EUR/USD is dropping 0.05% on the day to trade at 1.0605."
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