(VIANEWS) – EUR/GBP (EURGBP) has been up by 1.68% for the last 21 sessions. At 20:09 EST on Thursday, 25 May, EUR/GBP (EURGBP) is $0.87.
EUR/GBP’s yearly highs and lows, it’s 4.4% up from its 52-week low and 5.728% down from its 52-week high.
EUR/GBP’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.03%, a negative 0.14%, and a positive 0.26%, respectively.
EUR/GBP’s highest amplitude of average volatility was 0.13% (last week), 0.26% (last month), and 0.26% (last quarter), respectively.
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).
- Eur/usd price analysis: double bottom around 1.0760 keeps euro buyers hopeful. According to FXStreet on Wednesday, 24 May, "Not only the "Double Bottom" formation but the recent improvements in the RSI (14) line from the oversold territory and the bullish MACD signals also underpin the hopes of the EUR/USD pair’s further recovery.", "On the contrary, EUR/USD pullback remains elusive unless the quote stays beyond the "Double Bottom" of around 1.0760."
- When are the FOMC minutes, and how could it affect eur/usd?. According to FXStreet on Wednesday, 24 May, "Nevertheless, the divergence between central banks, with the European Central Bank (ECB) expected to raise rates twice for the foreseeable future while the Fed appears to have peaked, might keep the EUR/USD afloat before testing lower price levels, like the 200-day Exponential Moving Average (EMA) at 1.0683.", "Therefore, the EUR/USD pair might hit a new weekly low during the day, beneath 1.0748."
- Eur/usd price analysis: renews two-month low near 1.0750, multi-month-old support eyed. According to FXStreet on Wednesday, 24 May, "As a result, the EUR/USD bears are well set to break the 1.0750 support and approach the 1.0700 round figure. ", "On the other hand, a daily closing beyond the 100-DMA level of 1.0815 isn’t an open welcome for the EUR/USD bulls as the previous support line from September 2022, around 1.0920 at the latest, holds the key for the buyer’s entry."
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