(VIANEWS) – EUR/GBP (EURGBP) has been up by 1.56% for the last 21 sessions. At 23:08 EST on Sunday, 14 May, EUR/GBP (EURGBP) is $0.87.
EUR/GBP’s yearly highs and lows, it’s 4.52% up from its 52-week low and 5.619% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/GBP’s Forex is considered to be oversold (<=20).
News about
- Eur/usd licks its wounds around 1.0850 with eyes on EU economic projections, US debt ceiling talks. According to FXStreet on Sunday, 14 May, "Recently US President Joe Biden signaled that Friday’s delayed talks will be held on Tuesday, which in turn might have allowed the EUR/USD bears to take a breather. ", "A daily closing below 1.0880 support confluence comprising an 8.5-month-old ascending support line and 50-DMA, now immediate resistance keeps EUR/USD bears hopeful."
- Eur/usd price analysis: euro bears poised to meet 100-dma around 1.0800. According to FXStreet on Monday, 15 May, "In a case where the EUR/USD price remains bearish past 1.0750, the odds of witnessing a gradual south-run towards the yearly low of near 1.0480 and then to the 200-DMA support of around 1.0455 can’t be ruled out.", "However, the RSI (14) line trades below the 50 level and hence suggest bottom-picking, which in turn can help the EUR/USD price to rebound from the 100-DMA support of around 1.0800."
More news about EUR/GBP (EURGBP).
