(VIANEWS) – EUR/GBP (EURGBP) has been up by 1.01% for the last 5 sessions. At 20:07 EST on Monday, 17 July, EUR/GBP (EURGBP) is $0.86.
EUR/GBP’s yearly highs and lows, it’s 3.082% up from its 52-week low and 6.919% 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 0.06%, a negative 0.02%, and a positive 0.26%, respectively.
EUR/GBP’s highest amplitude of average volatility was 0.38% (last week), 0.29% (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 eases from multi-month high past 1.1200 as traders reconfirm fed bias. According to FXStreet on Sunday, 16 July, "Looking forward, second-tier activity and Retail Sales data from the US may entertain the EUR/USD traders amid the Fed blackout period, raising hopes of witnessing a pullback in prices.", "It should be noted that the recent industrial production and foreign trade numbers for the Eurozone haven’t been supportive of the hawkish ECB bias and hence support the late EUR/USD retreat."
- Eur/usd demonstrates volatile squeeze above 1.1200 as focus shifts to US retail sales. According to FXStreet on Monday, 17 July, "The EUR/USD pair has turned extremely choppy above the round-level resistance of 1.1200 in the Asian session. "
- Eur/usd price analysis: Friday’s doji at multi-day top, overbought RSI tease euro bears below 1.1250. According to FXStreet on Monday, 17 July, "Also amplifying the odds of witnessing the pullback in the EUR/USD could be the RSI (14) conditions and a shift in the market sentiment, not to forget the reassessment of the Fed bias.", "In a case where the EUR/USD pair remains firmer past 1.1280, the odds of witnessing a run-up towards the February 2022 peak of around 1.1500 can’t be ruled out."
- According to FXStreet on Monday, 17 July, "The ongoing price action in EUR/USD hints at the idea that further gains might be in store in the short-term horizon. ", "Furthermore, the constructive view of EUR/USD appears unchanged as long as the pair trades above the key 200-day SMA."
- According to FXStreet on Monday, 17 July, "Before that, the US Consumer Price Index (CPI) and Producer Price Index (PPI) for June dropped to 3.0% and 0.1% on a yearly basis from 4.0% and 0.9% YoY in that order, which in turn drowned the US Dollar and propelled the EUR/USD pair toward the highest level since February 2022."
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