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EUR/GBP Bearish By 1% In The Last 21 Sessions

(VIANEWS) – EUR/GBP (EURGBP) has been up by 1.54% for the last 21 sessions. At 16:08 EST on Thursday, 7 December, EUR/GBP (EURGBP) is $0.86.

EUR/GBP’s yearly highs and lows, it’s 0.859% up from its 52-week low and 4.578% down from its 52-week high.

Volatility

EUR/GBP’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.22%, a negative 0.06%, and a positive 0.20%, respectively.

EUR/GBP’s highest amplitude of average volatility was 0.30% (last week), 0.22% (last month), and 0.20% (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 overbought (>=80).

Previous days news about EUR/GBP (EURGBP)

  • Eur/gbp struggling to hold above 0.8550. According to FXStreet on Tuesday, 5 December, "The EUR/GBP is flatlining on the trading week, cycling near 0.8570 with Eurozone Retail Sales due early Wednesday.", "The EUR/GBP is seeing little rebound after falling within sight of 2023’s low bids near 0.8500 and the pair is now kidding along the bottom of familiar technical levels near 0.8550."
  • Eur/gbp consolidates just above 0.8560 as euro and pound sterling fight for last place. According to FXStreet on Wednesday, 6 December, "The Euro’s decline in recent weeks leaves the EUR/GBP precariously oversold, but lack of an upside recovery, even if it’s just for a bounce, has left the pair waffling into the bottom end and challenging bids last seen in September, with a loose technical support zone roughed in from a collection of swing lows just north of the 0.8500 handle.", "The Euro is the winner in the EUR/GBP competition on the week, but only by a scant margin with the pair up a scant tenth of a percent from the week’s opening bids near 0.8565."

More news about EUR/GBP (EURGBP).

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