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GBP/EUR Over 1% Down In The Last 21 Sessions

ViaNews Editorial Team

February 20, 2023

GBP/EUR Over 1% Down In The Last 21 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.61% for the last 21 sessions. At 02:11 EST on Monday, 20 February, GBP/EUR (GBPEUR) is $1.13.

GBP/EUR's yearly highs and lows, it's 4.078% up from its 52-week low and 7.663% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was a positive 0.17%, a negative 0.01%, and a positive 0.32%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.17% (last week), 0.36% (last month), and 0.32% (last quarter), respectively.

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 stays defensive around 1.0700 ahead of eurozone pmis, fed minutes. According to FXStreet on Sunday, 19 February, "Looking ahead, the risk-off mood may exert downside pressure on the EUR/USD pair amid a likely sluggish day. ", "In addition to the hawkish ECB comments, the US Dollar's corrective pullback also allowed the EUR/USD pair to portray a bounce off the six-week low the previous day."
  • Eur/usd price analysis: remains pressured towards 1.0630-15 support area. According to FXStreet on Monday, 20 February, "In a case where EUR/USD remains firmer past 1.0710, the odds of witnessing a north-run towards the monthly high of 1.1033 can't be ruled out.", "Following that, the 1.0600 and 1.0500 may entertain the EUR/USD sellers before directing them to the previous monthly low surrounding 1.0480. "
  • Eur/usd aims to recapture 1.0700 as risk appetite recovers, fed minutes in focus. According to FXStreet on Monday, 20 February, "The EUR/USD pair has attempted a recovery after dropping to near 1.0673 in the early European session. "

More news about GBP/EUR (GBPEUR).

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.

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