(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.56% for the last 21 sessions. At 13:11 EST on Sunday, 28 January, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR’s yearly highs and lows, it’s 5.056% up from its 52-week low and 0.612% 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 0.01%, a positive 0.07%, and a positive 0.18%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.20% (last week), 0.16% (last month), and 0.18% (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: incremental trend lower persists as traders fret – 28 January 2024. According to DailyForex on Sunday, 28 January, "The question for day traders is if the currency value of the EUR/USD has reached a durable support level and can be used to place wagers while looking for upside price action in the coming days?", "The currency pair may appear oversold, but the current price range of the EUR/USD may be seen as fair market equilibrium for the time being. "
- Eur/usd edges up as US inflation print fuels fed rate cut speculation. According to FXStreet on Friday, 26 January, "Nevertheless, US Treasury bond yields reversed its course, climbing higher and putting a lid on the EUR/USD rise.", "Following the US data release, the EUR/USD advanced towards 1.0900 but failed to break yesterday’s high, which could pave the way for a pullback to the 200-day moving average (DMA) at 1.0843. "
- Eur/usd recovers near-term losses, but gains capped post-us PCE. According to FXStreet on Friday, 26 January, "Dollar bets continue to weigh on USD pairs, keeping EUR/USD leaning toward a near-term middle around 1.0850.", "Despite intraday tests into the low side, EUR/USD is set to continue languishing in an ongoing congestion pattern between the 50-day and 200-day SMAs at 11.0925 and 1.0850, respectively. "
- Eur/usd seen at 1.0700/1.0500 on a 6/12m horizon – danske bank. According to FXStreet on Friday, 26 January, "While we recognise that our Fed (first cut in March) and ECB (first cut in June) forecasts, all else equal, are positive for EUR/USD in H1, we believe that the broader pricing in the G10 could be more decisive for the cross, as we perceive current market expectations for rate cuts to be excessive.", "We still maintain our bias towards selling EUR/USD on rallies in the near term, and we forecast EUR/USD at 1.0700/1.0500 on a 6/12M horizon."
- Eur/usd: the downside looks open to the 1.0790/1.0800 area – ING. According to FXStreet on Friday, 26 January, "The downside for EUR/USD looks open to the 1.0790/1.0800 area now and 1.0875/1.0900 looks like stronger resistance. "
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