(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.98% for the last 21 sessions. At 09:11 EST on Friday, 26 May, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR's yearly highs and lows, it's 6.474% up from its 52-week low and 3.97% 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 negative 0.05%, a positive 0.13%, and a positive 0.26%, respectively.
GBP/EUR's highest amplitude of average volatility was 0.15% (last week), 0.26% (last month), and 0.26% (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 clings to multi-day low near 1.0740 as US debt limit negotiations fuel cautious mood. According to FXStreet on Thursday, 25 May, "However, the latest improvement in the S&P500 Futures, despite a downbeat Wall Street close, puts a floor under the EUR/USD prices.", "An upward-sloping support line from late November 2022, close to 1.0690 by the pres time, could challenge EUR/USD bears amid nearly oversold RSI (14) conditions."
- Eur/usd to inch higher if US debt-ceiling negotiations move closer to the so-called “x-date” – MUFG. According to FXStreet on Wednesday, 24 May, "The main source of uncertainty for the performance of EUR/USD in the month ahead will be the US debt-ceiling negotiations."
- When are the FOMC minutes, and how could it affect eur/usd?. According to FXStreet on Wednesday, 24 May, "Nevertheless, the divergence between central banks, with the European Central Bank (ECB) expected to raise rates twice for the foreseeable future while the Fed appears to have peaked, might keep the EUR/USD afloat before testing lower price levels, like the 200-day Exponential Moving Average (EMA) at 1.0683.", "Therefore, the EUR/USD pair might hit a new weekly low during the day, beneath 1.0748."
- Eur/usd could trade down to the 1.0700 area if the fed fails to play down the risk of future rate hikes – ING. According to FXStreet on Wednesday, 24 May, "We think this Dollar correction may have a little further to run and EUR/USD could trade down to the 1.0700 area if the Fed fails to play down the risk of future rate hikes."
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