(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1% for the last 10 sessions. At 07:06 EST on Friday, 23 August, GBP/EUR (GBPEUR) is $1.18.
GBP/EUR’s yearly highs and lows, it’s 3.463% up from its 52-week low and 1.048% down from its 52-week high.
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 holds above 1.1100 mark amid fresh USD selling, ahead of fed’s powell. According to FXStreet on Friday, 23 August, "This, to a larger extent, overshadows Thursday’s mixed Eurozone PMI prints and turns out to be a key factor offering some support to the EUR/USD pair.", "The EUR/USD pair regains positive traction on the last day of the week and for now, seems to have stalled its pullback from the vicinity of over a one-year high touched on Wednesday. "
- Eur/usd weakens below 1.1150 ahead of eurozone/us PMI data. According to FXStreet on Thursday, 22 August, "The EUR/USD pair trades with mild losses near 1.1145, snapping the four-day winning streak during the Asian session on Thursday. "
- Eur/usd finds fresh 13-month high as greenback pummeling continues. According to FXStreet on Wednesday, 21 August, "The pair has closed in the green for all but one of the last eight straight trading days, with EUR/USD chalking in over 3.5% in gains since the pair’s last swing low into the 1.0800 handle before catching a bullish bounce off of the 200-day Exponential Moving Average (EMA), which is now rising into 1.0825."
- Eur/usd holds below 1.1150 amid cautious mood, all eyes on FOMC minutes. According to FXStreet on Wednesday, 21 August, "The EUR/USD pair loses momentum around 1.1120, snapping the three-day winning streak during the early European session on Wednesday. "
- Eur/usd slides yet clings to 1.1100 as market awaits powell’s speech. According to FXStreet on Thursday, 22 August, "Momentum is still bullish, yet with the Relative Strength Index (RSI) exiting from overbought conditions, a EUR/USD drop below 1.11000 is possible.", "The EUR/USD is set to finish Thursday’s session with losses of over 0.30% after the Greenback was bolstered by high US Treasury yields, even though Fed officials support a rate cut at the upcoming meeting in September. "
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