(VIANEWS) - GBP/EUR (GBPEUR) has been up by 2.05% for the last 21 sessions. At 07:07 EST on Thursday, 8 August, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR's yearly highs and lows, it's 1.815% up from its 52-week low and 2.624% down from its 52-week high.
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 jumps but fails to grasp 1.10. According to FXStreet on Tuesday, 6 August, "Despite thin, overextended gains on the daily chart, price action has chalked in a rising pattern of higher lows, and bullish hopefuls will be looking to kick EUR/USD into a fresh bullish cycle after the pair spent most of 2024 churning in the midrange."
- According to FXStreet on Wednesday, 7 August, "That would be entirely consistent with EUR/USD trading above 1.10 even when factoring in the softer risk sentiment (as measured by global stocks performance), ING's FX strategist Francesco Pesole notes."
- According to FXStreet on Tuesday, 6 August, "As mentioned above, the dollar may recover a bit more ground today, and we could see EUR/USD slip back to the 1.090 mark.", "Our short-term models indicate EUR/USD should be trading above 1.10 even if that spread rewidens by another 20bp in favour of the dollar."
- Eur/usd strengthens above 1.0900 on softer US dollar, eyes on geopolitical risks. According to FXStreet on Thursday, 8 August, "The EUR/USD pair rebounds to near 1.0935, snapping the two-day losing streak during the Asian trading hours on Thursday. ", "Nonetheless, the risk-off sentiment might cap the upside of EUR/USD amid the escalating geopolitical risks. "
- Eur/usd extends its decline near 1.0900 on the recovery of US dollar. According to FXStreet on Wednesday, 7 August, "The EUR/USD pair trades on a softer note near 1.0915 after retracing from seven-month highs of nearly 1.1008 during the Asian trading hours on Wednesday. "
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