EUR/GBP Bearish Momentum: 0.92% Down In The Last 5 Sessions

(VIANEWS) – EUR/GBP (EURGBP) has been up by 0.92% for the last 5 sessions. At 12:06 EST on Monday, 27 November, EUR/GBP (EURGBP) is $0.87.

EUR/GBP’s yearly highs and lows, it’s 2.143% up from its 52-week low and 3.364% 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 overbought (>=80).

News about

  • Eur/usd: weekly forecast 26th November – 2nd December – 26 November 2023. According to DailyForex on Sunday, 26 November, "Yes, the EUR/USD then started to incrementally selloff and hit a low on Wednesday, but the ability of the currency pair to climb higher as light trading took over shows that behavioral sentiment likely believes the EUR/USD had been oversold. ", "However, importantly the high made in the EUR/USD on Tuesday of last week is noteworthy because it hit values last seen in the second week of August. "
  • Eur/usd remains capped below 1.0950, eyes on eurozone inflation, US GDP data. According to FXStreet on Monday, 27 November, "The downside risks to growth in Germany, Europe’s largest economy might exert some selling pressure on the Euro (EUR) and act as a headwind for the EUR/USD pair. "

More news about EUR/GBP (EURGBP).

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