(VIANEWS) - EUR/GBP (EURGBP) has been up by 1.89% for the last 21 sessions. At 15:10 EST on Sunday, 28 May, EUR/GBP (EURGBP) is $0.87.
EUR/GBP's yearly highs and lows, it's 4.185% up from its 52-week low and 5.922% 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 positive 0.05%, a negative 0.14%, and a positive 0.26%, respectively.
EUR/GBP's highest amplitude of average volatility was 0.15% (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).
News about
- Eur/usd to trade above 1.30 again once ECB rates move higher than fed rates – socgen. According to FXStreet on Friday, 26 May, "Economists at Société Générale expect the EUR/USD pair to race higher driven by relative natural rates.", "EUR/USD almost broke above 1.50 in that cycle and while that seems inconceivable, we're more optimistic than we have been for a while, that we'll see EUR/USD above 1.30 again, once the war in Ukraine and Europe's energy troubles are behind us."
- According to FXStreet on Friday, 26 May, "At the time of writing, EUR/USD is treading water at around 1.0730, modestly flat on the day."
- Eur/usd to stay soft near 1.0700/0720 – ING. According to FXStreet on Friday, 26 May, "1.0700 is a decent support area for EUR/USD and we do see the outside risk of a break to 1.0500. ", "However, the eurozone terms of trade story is so much better than it was last summer and that is why our medium-term models identify EUR/USD as very under-valued."
- Eur/usd: switch from recovery to sustainably lower levels could occur around turn of the year – commerzbank. According to FXStreet on Friday, 26 May, "In the coming months, EUR/USD is likely to strengthen because the ECB's monetary policy is likely to be more hawkish in the near future and therefore more attractive from a currency market perspective than that of the Fed. ", "We suspect that the turnaround in the EUR/USD exchange rate could come around the turn of the year."
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