(VIANEWS) – EUR/GBP (EURGBP) has been up by 0.93% for the last 10 sessions. At 04:09 EST on Monday, 21 August, EUR/GBP (EURGBP) is $0.86.
EUR/GBP’s yearly highs and lows, it’s 1.689% up from its 52-week low and 7.427% 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 0.19%, a negative 0.08%, and a positive 0.26%, respectively.
EUR/GBP’s highest amplitude of average volatility was 0.22% (last week), 0.25% (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 overbought (>=80).
News about
- Eur/usd faces a solid support around 1.0830 – UOB. According to FXStreet on Monday, 21 August, "UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note further downside in EUR/USD is likely to meet s decent support near 1.0830."
- Eur/usd: weekly forecast 20th August – 26th August – 20 August 2023. According to DailyForex on Sunday, 20 August, "Before going into this weekend the EUR/USD displayed negative selling momentum as support levels came into full view while testing mid-term lows.", "S Treasury yields start to move lower this week, this could mean risk appetite is increasing a bit and could mean the EUR/USD could spark higher, but that is a big ‘if’ within current market conditions."
- Eur/usd price analysis: euro bulls need acceptance from 1.0900 hurdle and Jackson hole speeches. According to FXStreet on Monday, 21 August, "Following that, a one-month-old descending trend line surrounding 1.0980 will act as the final defense of the EUR/USD bears.", "Technically, Friday’s Doji candlestick joins the nearly oversold RSI (14) line to trigger the corrective bounce in the EUR/USD price."
- Eur/usd: risk of moving back to 1.06 on a 6-month view – rabobank. According to FXStreet on Saturday, 19 August, "We maintain our 3-month EUR/USD forecast of 1.08 and see risk of EUR/USD moving back to 1.06 on a 6 month view before Fed rate cuts make way for a softer outlook for the greenback."
- Eur/usd remains depressed below 1.0900, us/eu pmi, ecb’s lagarde and fed’s powell eyed. According to FXStreet on Sunday, 20 August, "Looking ahead, a light calendar on Monday may allow the EUR/USD pair to consolidate the latest losses. ", "Although the nearly oversold RSI (14) line challenges EUR/USD bears, a convergence of the 100-day Exponential Moving Average (EMA) and a downward-sloping trend line from July 18, close to 1.0905-10 by the press time, guards immediate recovery of the Euro pair."
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