(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.79% for the last 21 sessions. At 09:40 EST on Monday, 15 May, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR's yearly highs and lows, it's 6.298% up from its 52-week low and 4.129% down from its 52-week high.
News about
- Eur/usd forex signal: sell-off has room to run before rebounding - 15 May 2023. According to DailyForex on Monday, 15 May, "The EUR/USD exchange rate continued its bearish trend, helped by the strong US dollar. ", "The key EUR/USD news on Monday will be the upcoming EU economic forecasts report by the European Commission. "
- Eur/usd could see a break below 1.0800 followed by another leg lower to the 1.0700/1.0750 area – ING. According to FXStreet on Monday, 15 May, "Still, we don't expect EUR/USD weakness to last beyond the near term."
- Eur/usd: potential for further gains is limited – crédit agricole. According to FXStreet on Monday, 15 May, "In the view of economists at Crédit Agricole EUR/USD is overbought and vulnerable.", "In addition, FX investors have seemingly already built considerable EUR/USD long positions in recent months, potentially limiting further gains."
- Eur/usd price analysis: euro bears poised to meet 100-dma around 1.0800. According to FXStreet on Monday, 15 May, "However, the RSI (14) line trades below the 50 level and hence suggest bottom-picking, which in turn can help the EUR/USD price to rebound from the 100-DMA support of around 1.0800.", "Following that, the 1.0950 and the 1.1000 round figure can entertain the EUR/USD bulls before directing them to an upward-sloping resistance line from February 2023, close to 1.1110 by the press time."
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