(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.86% for the last 21 sessions. At 17:07 EST on Tuesday, 6 August, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR's yearly highs and lows, it's 1.753% up from its 52-week low and 2.683% 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 overbought (>=80).
News about
- Eur/usd flirts with break below 1.09 while greenback sets the record straight. According to FXStreet on Tuesday, 6 August, "With that firm rejection at the psychological level and with the price action now falling back below that red descending trend line, it looks like EUR/USD will need to find support in order to regain strength for the next leg higher. ", "Should EUR/USD be able to rally above there, another leg higher to December's peak at 1.1139 comes into focus. "
- According to FXStreet on Tuesday, 6 August, "As mentioned above, the dollar may recover a bit more ground today, and we could see EUR/USD slip back to the 1.090 mark.", "Our short-term models indicate EUR/USD should be trading above 1.10 even if that spread rewidens by another 20bp in favour of the dollar."
- Eur/usd: top of range – rabobank. According to FXStreet on Monday, 5 August, "It follows that US news will create the biggest risk factors as to whether EUR/USD can hold levels above 1.10 before the end of this year.", "On the build-up of Fed rate cut speculation, EUR/USD has risen to a 5-month high and towards the top of the trading range that has dominated all year. "
- Eur: when the dust settles, eur/usd should trade higher – ING. According to FXStreet on Monday, 5 August, "Overall we think EUR/USD should be able to press the 1.0950/80 region and break above 1.10 - especially if the Fed starts to acknowledge that action is required.", "Were it not for the heavy sell-off in equities, yield differentials would make a case for EUR/USD to be trading well above 1.10 now. "
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