(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.21% for the last 10 sessions. At 01:08 EST on Thursday, 2 February, GBP/EUR (GBPEUR) is $1.12.
GBP/EUR’s yearly highs and lows, it’s 4.004% up from its 52-week low and 7.729% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.41%, a negative 0.02%, and a positive 0.36%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.51% (last week), 0.30% (last month), and 0.36% (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 overbought (>=80).
News about
- Eur/usd price analysis: bears approach 1.0800 during four-day downtrend. According to FXStreet on Tuesday, 31 January, "On the flip side, the aforementioned support-turned-resistance and the 200-HMA could challenge the EUR/USD recovery, respectively near 1.0850 and 1.0865.", "Also keeping the EUR/USD bears hopeful are the bearish MACD signals and the clear downside break of the three-week-old support line, not to forget sustained trading below the 200-Hour Moving Average (HMA)."
- Eur/usd: scope for a move back to the 1.06 area into the spring – rabobank. According to FXStreet on Tuesday, 31 January, "Economists at Rabobank discuss their forecasts for the EUR/USD pair for the coming moths.", "While we expect EUR/USD to hold around 1.09 on a one-month view, we see scope for a move back to the 1.06 area into the spring."
- Eur/usd comes under further pressure and challenges 1.0800. According to FXStreet on Tuesday, 31 January, "The corrective decline remains well and sound around the European currency and now drags EUR/USD to the boundaries of the 1.0800 mark on turnaround Tuesday.", "The pronounced rebound in the dollar forced EUR/USD to shed further ground and flirt with the key 1.0800 neighbourhood on Tuesday."
- Eur/usd is at a critical crossroads ahead of a very high impact number of days ahead. According to FXStreet on Tuesday, 31 January, "The FederalReserve showdown on Wednesday is the first major risk for EUR/USD and then the European Central Bank will be on Thursday, but the icing on the cake could be the US nonfarm Payrolls on Friday, especially if there are any surprises to come from that event. "
- Eur/usd forecast: euro continues to await FED announcement – 31 January 2023. According to DailyForex on Tuesday, 31 January, "The EUR/USD currency pair has been slightly positive during the trading session on Monday, but we still stay in the same noisy range that we have been in for the last week or two, as we continue to wait on the FOMC meeting on Wednesday. "
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