(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.99% for the last 10 sessions. At 10:16 EST on Thursday, 29 August, GBP/EUR (GBPEUR) is $1.19.
GBP/EUR’s yearly highs and lows, it’s 4.129% up from its 52-week low and 0.411% 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 0.24%, a negative 0.01%, and a positive 0.19%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.24% (last week), 0.29% (last month), and 0.19% (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 Wednesday, 28 August, "Indeed, if the value of EUR/USD continues its ascent, given the backdrop of moderating inflationary pressure in the Eurozone, there may be more reason for the ECB to lower rates.", "Consequently, we don’t see EUR/USD trading much higher than 1.12 in the coming months. "
- According to FXStreet on Tuesday, 27 August, "Technically, we think EUR/USD does resemble a coiled spring and that a move above 1.12 could trigger some strong follow-through buying as the speculative community sniffs out a new trend. ", "And after a strong rallysince early August, it looks like EUR/USD could be due some consolidation. "
- According to FXStreet on Wednesday, 28 August, "That could argue for EUR/USD above 1.12but the softer risk environment is favouring some profit-taking, and there may be some speculation that some rewidening in that rate differential is due.", "The EUR/USD drop this morning appears largely USD-driven, although admittedly the euro does look on less stable ground when considering the room for European Central Bankdovish repricing compared to the Fed’s, ING’s FX strategist Francesco Pesole notes."
- Eur/usd price forecast: bounces-off key support near 1.1110 ahead of German/ US data. According to FXStreet on Thursday, 29 August, "From a short-term technical perspective, the EUR/USD uptrend remains intact so long as the 1.1107 support holds. "
- According to FXStreet on Thursday, 29 August, "We see a scenario where 1.1080/1100 does hold before EUR/USD moves higher still. "
More news about GBP/EUR (GBPEUR).
