(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.34% for the last 10 sessions. At 22:07 EST on Tuesday, 7 March, GBP/EUR (GBPEUR) is $1.12.
GBP/EUR’s yearly highs and lows, it’s 3.718% up from its 52-week low and 7.452% 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 negative 0.11%, a positive 0.04%, and a positive 0.32%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.35% (last week), 0.29% (last month), and 0.32% (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 grinds higher past 1.0600 ahead of eurozone retail sales, focus on fed chair powell, US NFP. According to FXStreet on Monday, 6 March, "Apart from the EU-US catalysts, headlines from China’s annual session of the National People’s Congress (NPC) appear important and recently weigh on the risk profile, as well as the EUR/USD price. ", "Talking about the data, Eurozone inflation numbers, namely the Producer Price Index and the Harmonized Index of Consumer Prices (HICP) printed strong figures for February and hence authenticated the ECB policymakers’ hawkish tone, which in turn allows the EUR/USD to remain firmer. "
- Eur/usd: January low of 1.0480/1.0440 is crucial support zone – socgen. According to FXStreet on Monday, 6 March, "A move below the January low of 1.0480/1.0460 could see the EUR/USD pair extending its decline, economists at Société Générale report."
- Eur/usd: scope for dips below the 1.06 level into the middle of the year – rabobank. According to FXStreet on Monday, 6 March, "We see scope for dips below the EUR/USD 1.06 level into the middle of the year."
- Eur/usd price analysis: 100-sma probes buyers amid sluggish start to the key week. According to FXStreet on Monday, 6 March, "In a case where EUR/USD drops below 1.0480, the late November low near 1.0290 and the monthly bottom of 1.0222 will be in focus.", "It’s worth noting that the EUR/USD pair’s run-up beyond the 1.0650 hurdle isn’t an open invitation for the quote’s rally as the 200-SMA and a two-month-long horizontal resistance area could check the pair’s further upside, respectively near 1.0745 and 1.0760-65."
More news about GBP/EUR (GBPEUR).
