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EUR/GBP Bearish Momentum: 0.94% Down In The Last 5 Sessions

(VIANEWS) – EUR/GBP (EURGBP) has been up by 0.94% for the last 5 sessions. At 21:09 EST on Sunday, 30 July, EUR/GBP (EURGBP) is $0.86.

EUR/GBP’s yearly highs and lows, it’s 2.806% up from its 52-week low and 7.168% 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 0.20%, a negative 0.06%, and a positive 0.26%, respectively.

EUR/GBP’s highest amplitude of average volatility was 0.25% (last week), 0.28% (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

  • Pairs in focus this week – gbp/usd, eur/usd, gbp/jpy, usd/chf, nasdaq 100, copper, oil, gold – 30 July 2023. According to DailyForex on Sunday, 30 July, "The EUR/USD fell a bit during the trading week to break down below the 1.10 level after the European Central Bank shocked the markets by suggesting that the economy in the European Union is slowing down. "
  • Eur/usd: weekly forecast 30th July – 5th August – 30 July 2023. According to DailyForex on Sunday, 30 July, "Support Level and Inflation Data Will Effect Sentiment this WeekThe EUR/USD was able to finish last week above the 1.10000 level which is important for psychological reasons for most bullish traders.", "The wide price range of the EUR/USD was rather astounding last week and a sign that financial institutions remain uncertain regarding their Forex outlooks. "
  • According to FXStreet on Sunday, 30 July, "The news joined comments from ECB’s Lagarde to allow the EUR/USD pair in defending Friday’s corrective bounce by staying mildly bid near 1.1025 amid early Monday morning in Asia."
  • Eur/usd pares recent losses above 1.1000 amid mixed ecb, fed talks, eurozone inflation, US NFP eyed. According to FXStreet on Sunday, 30 July, "A convergence of the 10-DMA and the 21-DMA restricts the immediate upside of the EUR/USD pair near 1.1065-70. ", "Looking ahead, German Retail Sales and the first readings of the Eurozone inflation data for July, per the Harmonized Index of Consumer Prices, as well as the second-quarter (Q2) seasonally adjusted Gross Domestic Product for the bloc, will entertain the EUR/USD pair traders. "

More news about EUR/GBP (EURGBP).

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