(VIANEWS) - EUR/GBP (EURGBP) has been up by 1.6% for the last 21 sessions. At 05:06 EST on Tuesday, 6 August, EUR/GBP (EURGBP) is $0.86.
EUR/GBP's yearly highs and lows, it's 2.446% up from its 52-week low and 2.042% down from its 52-week high.
Volatility
EUR/GBP's last week, last month's, and last quarter's current intraday variation average was 0.35%, 0.06%, and 0.16%, respectively.
EUR/GBP's highest amplitude of average volatility was 0.38% (last week), 0.20% (last month), and 0.16% (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: when the dust settles, eur/usd should trade higher – ING. According to FXStreet on Monday, 5 August, "Were it not for the heavy sell-off in equities, yield differentials would make a case for EUR/USD to be trading well above 1.10 now. ", "Weaker global growth isnot good for the pro-cyclical Euro (EUR), but the fact that the 'US exceptionalism'narrative could be coming back to earth with a bump should be EUR/USD supportive, ING's FX strategist Chris Turner notes."
- Eur/usd: top of range – rabobank. According to FXStreet on Monday, 5 August, "In our view, factors most likely to drive EUR/USD above 1.10 would likely be a surge in evidence suggesting a sharp slowdown is occurring in the US economy combined with a drop back of Trump in the polls.", "It follows that US news will create the biggest risk factors as to whether EUR/USD can hold levels above 1.10 before the end of this year."
- Eur/usd jumps but fails to grasp 1.10. According to FXStreet on Tuesday, 6 August, "Despite thin, overextended gains on the daily chart, price action has chalked in a rising pattern of higher lows, and bullish hopefuls will be looking to kick EUR/USD into a fresh bullish cycle after the pair spent most of 2024 churning in the midrange."
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