(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.09% for the last 10 sessions. At 11:08 EST on Wednesday, 25 October, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 2.972% up from its 52-week low and 2.583% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/EUR’s Forex is considered to be overbought (>=80).
News about
- Eur/usd could retrace to 1.05 if bond differentials take the upper hand again – socgen. According to FXStreet on Monday, 23 October, "The widening in 10y UST/Bund spreads and the resilience of EUR/USD was one of the main stories in G10 FX last week, but we believe it is too soon to conclude that the pair has bottomed."
- Eur/usd: it looks worth placing tight protective stops above 1.0620/1.0640 – ING. According to FXStreet on Monday, 23 October, "Overall, we suspect positioning is the main factor why EUR/USD is not going any lower now."
- Eur/usd holds below the 1.0600 mark ahead of ECB rate decision. According to FXStreet on Monday, 23 October, "The EUR/USD pair turns red during the early Asian session on Monday after retracing from the 1.0600 psychological round mark. ", "The fear of the Eurozone energy crisis could exert some selling pressure on the Euro and act as a headwind for the EUR/USD pair. "
- Eur/usd rises amid escalating middle east conflict and lower US bond yields. According to FXStreet on Monday, 23 October, "With the EUR/USD reaching a new cycle high at around 1.0649, buyers would likely test in the near term the 1.07 handle, though they would face solid resistance at the 50-day moving average (DMA) at 1.0683. "
More news about GBP/EUR (GBPEUR).
