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MarketFX

GBP/EUR Is 1% Down In The Last 10 Sessions

ViaNews Editorial Team

September 24, 2023

GBP/EUR Is 1% Down In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.34% for the last 10 sessions. At 18:07 EST on Sunday, 24 September, GBP/EUR (GBPEUR) is $1.15.

GBP/EUR's yearly highs and lows, it's 6.27% up from its 52-week low and 2.379% 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 treading water near 1.0660, hanging near the top of the range. According to FXStreet on Friday, 22 September, "Hourly candles see the EUR/USD trading just south of the 200-hour Simple Moving Average (SMA) near 1.0685.", "The EUR/USD fell to a Friday low of 1.0615 but recovered to the top side near Friday's peak just north of 1.0670."
  • According to FXStreet on Friday, 22 September, "If the EUR/USD breaches itslow of 1.0614, there is a chance it could revisit the March 15 low of 1.0516 before reaching the 2023 bottom of 1.0481 seen on January 6.", "The Euro (EUR) maintains the selling bias unchanged against the US Dollar (USD), motivating EUR/USD to post new six-month lows near 1.0600early on Friday."
  • Eur/usd price analysis: consolidates near six-month low around 1.0650. According to FXStreet on Friday, 22 September, "On the upside, the EUR/USD pair could face a challenge around the 1.0700 psychological level, followed by the 21-day Exponential Moving Average (EMA) at 1.0735.", "However, the momentum observed in the EUR/USD pair suggests a prevailing bearish sentiment in the market, given that the 14-day Relative Strength Index (RSI) continues to stay below the 50 level."

More news about GBP/EUR (GBPEUR).

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MarketFX

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ForexForeign Exchange MarketCurrenciesGBPEURGBP/EURPrice DownFOREX Price DownForex Now
ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.