(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.55% for the last 21 sessions. At 23:10 EST on Thursday, 18 May, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 6.511% up from its 52-week low and 3.937% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.11%, 0.14%, and 0.27%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.21% (last week), 0.26% (last month), and 0.27% (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
- Eur/usd rebound above 1.0840 as investors anticipate narrowing fed-ecb policy divergence. According to FXStreet on Thursday, 18 May, "The EUR/USD pair has shown some recovery from the immediate support of 1.0835 in the Asian session. ", "As long as this is the case, while the Fed is cutting, it still seems plausible to us to bet on well-supported EUR/USD levels towards the end of the year."
- Eur/usd price analysis: struggles to defend bounce off 100-dma below 1.0900 resistance confluence. According to FXStreet on Wednesday, 17 May, "On the flip side, a daily closing below the 100-DMA level of near 1.0800 will be enough to recall the EUR/USD sellers.", "Hence, the EUR/USD recovery needs validation and highlights a convergence of the 50-DMA and the support-turned-resistance line stretched from September 2022, close to 1.0900 by the press time, as the key for the pair’s further advances."
- Eur/usd: well-supported towards year-end as ECB not expected to cut rates – commerzbank. According to FXStreet on Wednesday, 17 May, "As long as this is the case, while the Fed is cutting, it still seems plausible to us to bet on well-supported EUR/USD levels towards the end of the year."
- Eur/usd drops to multi-week lows near 1.0830 on stronger dollar, risk aversion. According to FXStreet on Wednesday, 17 May, "Sellers remain in control of the sentiment around the European currency - and the risk complex in general - and now drag EUR/USD to new lows in the vicinity of 1.0830 on Wednesday.", "The persevering risk aversion continues to underpin investors’ preference for the greenback and keeps EUR/USD on the defensive for the second consecutive week so far on Wednesday."
More news about GBP/EUR (GBPEUR).
