(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.06% for the last 5 sessions. At 06:07 EST on Wednesday, 15 March, GBP/EUR (GBPEUR) is $1.14.
GBP/EUR’s yearly highs and lows, it’s 4.975% up from its 52-week low and 6.329% down from its 52-week high.
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.32%, 0.01%, and 0.34%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.32% (last week), 0.34% (last month), and 0.34% (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).
- Eur/usd extends the sharp bounce past 1.0700. According to FXStreet on Monday, 13 March, "The optimism around the European currency remains well in place at the beginning of the week and lifts EUR/USD back above the 1.0700 hurdle, or new 4-week tops."
- Eur/usd set to extend its race higher toward the 1.0780/1.0800 area – ING. According to FXStreet on Monday, 13 March, "Unless there is a massive rally in US banking stocks today which suggested that US authorities had been incredibly successful in putting the genie of US banking sector risk back in the bottle, we would say EUR/USD is biased to the 1.0780/1.0800 area."
- Eur/usd price analysis: bulls attack 200-sma as ECB week begins with risk-on mood. According to FXStreet on Monday, 13 March, "On the flip side, EUR/USD pullback remains elusive unless the quote stays beyond the 100-SMA support of 1.0620. ", "Even if the EUR/USD manages to surpass the 1.0710 resistance, the 50% Fibonacci retracement level of its early February-March downside, near 1.0780, will precede the mid-February swing high near 1.0810 to challenge the bulls."
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