(VIANEWS) - GBP/EUR (GBPEUR) has been up by 2.05% for the last 21 sessions. At 09:15 EST on Wednesday, 12 June, GBP/EUR (GBPEUR) is $1.19.
GBP/EUR's yearly highs and lows, it's 4.112% up from its 52-week low and 0% down from its 52-week high.
Volatility
GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.22%, 0.09%, and 0.15%, respectively.
GBP/EUR's highest amplitude of average volatility was 0.30% (last week), 0.14% (last month), and 0.15% (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
- According to FXStreet on Monday, 10 June, "The Euro fails to find any impetus from the ECB official's comments, keeping EUR/USD 0.38% lower on the day at 1.0758 due to renewed Euro area political tensions."
- Eur/usd struggles near three-week low, seems vulnerable below 100-day sma/1.0800. According to FXStreet on Monday, 10 June, "This, along with the cautious mood around the equity markets, is seen underpinning the safe-haven US Dollar (USD) and turning out to be a key factor exerting some downward pressure on the EUR/USD pair.", "This, in turn, suggests that the path of least resistance for the EUR/USD pair is to the downside, though traders might refrain from placing aggressive directional bets ahead of the crucial FOMC policy decision on Wednesday. "
- Eur/usd price analysis: bears await US CPI and fed decision before placing fresh bets. According to FXStreet on Wednesday, 12 June, "Furthermore, oscillators on the daily chart are holding in the negative territory, suggesting that the path of least resistance for the EUR/USD pair is to the downside. ", "The EUR/USD pair might then accelerate the downward trajectory towards the next relevant support near the 1.0650-1.0640 region before eventually dropping to the 1.0600 mark, or the YTD low touched in April. "
- According to FXStreet on Monday, 10 June, "Renewed uncertainty over the political scenario in France undermines the Euro, dragging EUR/USD 0.26% lower on the day to trade near 1.0770."
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