(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.63% for the last 21 sessions. At 09:09 EST on Thursday, 25 January, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR’s yearly highs and lows, it’s 5.217% up from its 52-week low and 0.459% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.10%, 0.07%, and 0.18%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.24% (last week), 0.15% (last month), and 0.18% (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 oversold (<=20).
News about
- There is some room for eur/usd to tick back above 1.0900 into Thursday’s ECB announcement – ING. According to FXStreet on Wednesday, 24 January, "We believe the Dollar rallied a bit too far on Tuesday, and there is some room for EUR/USD to tick back above 1.0900 into Thursday’s European Central Bank announcement."
- Eur/usd price analysis: consolidates near 1.0900 followed by barrier at 23.6% fibonacci. According to FXStreet on Tuesday, 23 January, "This positioning indicates a leaning towards bearish sentiment in the market for the EUR/USD pair.", "The EUR/USD pair could find immediate resistance at the psychological level at 1.0900. "
- Eur/usd tests into the midrange ahead of pmi-packed Wednesday. According to FXStreet on Tuesday, 23 January, "The EUR/USD saw a quick plunge into touch range of 1.0820 following a harsh rejection from the 200-hour Simple Moving Average (SMA) just above 1.0910, sending the major pair back below the 1.0900 handle for the third time in a week.", "Daily candlesticks show the EUR/USD coiling tightly into the midrange as broad-market momentum tilts into the middle, and the pair is adrift on market tides in a congestion zone between the 50-day and 200-day SMAs near 1.0925 and 1.0850 respectively."
- Eur/usd dips further below 1.0850 ahead of ecb’s decision, US data. According to FXStreet on Tuesday, 23 January, "The EUR/USD dropped some 0.12% in early trading during the North American session amid an upbeat market mood. ", "Even though the EUR/USD is resuming its downtrend, sellers would face stirring support at the 200-day moving average (DMA) at 1.0844. "
- Eur/usd will make a new lower cyclical high at some point this year – socgen. According to FXStreet on Tuesday, 23 January, "If we took the correlation between EUR/USD and the yield differential at face value, that would have the Euro peaking close to 1.2000 but that seems unlikely to us; relative growth trends are likely to be an anchor.", "However, we remain confident enough that a) the ECB will ease more slowly than the Fed and b) rate differentials will matter as much as perceived growth differentials, that EUR/USD will continue its slow-motion recovery and make a new lower cyclical high at some point this year (but well before the US election)."
More news about GBP/EUR (GBPEUR).
