EUR/GBP Bullish Momentum: 0.89% Up In The Last 5 Sessions

(VIANEWS) – EUR/GBP (EURGBP) has been up by 0.89% for the last 5 sessions. At 16:12 EST on Sunday, 16 April, EUR/GBP (EURGBP) is $0.89.

EUR/GBP’s yearly highs and lows, it’s 7.007% up from its 52-week low and 4.104% 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 oversold (<=20).

News about

  • Eur/usd price analysis: eyes 1.1100 as US inflation softens and hawkish ECB bets soar. According to FXStreet on Friday, 14 April, "The EUR/USD pair has resumed its upside journey after building a base below 1.1050 in the Asian session. "
  • Eur/usd: set to refresh 13-month high as DXY renews one-year low on soft US inflation. According to FXStreet on Friday, 14 April, "While tracing the top-tier catalysts, hopes of sooner winding down of the hawkish Fed policy, backed by softer US inflation numbers and dovish Fed Minutes, gain major attention of the EUR/USD buyers. ", "Furthermore, the recent retreat in the US Treasury bond yields, after the previous day’s corrective bounce, also weighs on the US Dollar and allow the EUR/USD to rush towards the fresh multi-month high. "
  • According to FXStreet on Friday, 14 April, "The EUR/USD pair showed no immediate reaction to these comments and it was last seen rising 0.1% on a daily basis at 1.1060."
  • Eur/usd tumbles amid stronger dollar, drops below 1.1000. According to FXStreet on Friday, 14 April, "The EUR/USD is losing ground on Friday as the US Dollar recovers a part of recent losses. ", "Despite Friday’s reversal, EUR/USD is still on its way to the highest weekly close in a year. "

More news about EUR/GBP (EURGBP).

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