(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.85% for the last 5 sessions. At 09:07 EST on Tuesday, 18 July, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.713% up from its 52-week low and 2.853% 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 0.09%, a positive 0.01%, and a positive 0.25%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.35% (last week), 0.29% (last month), and 0.25% (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: Friday’s doji at multi-day top, overbought RSI tease euro bears below 1.1250. According to FXStreet on Monday, 17 July, "In a case where the EUR/USD pair remains firmer past 1.1280, the odds of witnessing a run-up towards the February 2022 peak of around 1.1500 can’t be ruled out.", "Also amplifying the odds of witnessing the pullback in the EUR/USD could be the RSI (14) conditions and a shift in the market sentiment, not to forget the reassessment of the Fed bias."
- Eur/usd forex signal: ripe for a brief pullback – 17 July 2023. According to DailyForex on Monday, 17 July, "The EUR/USD exchange rate has been in a strong bullish trend in the past few months. ", "The other catalyst for the EUR/USD pair will be the upcoming US retail sales numbers scheduled for Tuesday.EUR/USD Technical Analysis"
- According to FXStreet on Monday, 17 July, "Before that, the US Consumer Price Index (CPI) and Producer Price Index (PPI) for June dropped to 3.0% and 0.1% on a yearly basis from 4.0% and 0.9% YoY in that order, which in turn drowned the US Dollar and propelled the EUR/USD pair toward the highest level since February 2022."
- Eur/usd eases from multi-month high past 1.1200 as traders reconfirm fed bias. According to FXStreet on Sunday, 16 July, "Before that, the US Consumer Price Index (CPI) and Producer Price Index (PPI) for June dropped to 3.0% and 0.1% on a yearly basis from 4.0% and 0.9% YoY in that order, which in turn drowned the US Dollar and propelled the EUR/USD pair toward the highest level since February 2022.", "The same joins the weekend headlines flashing mixed clues about the US-China ties, as well as technical details, to allow the EUR/USD to retreat from the multi-month high."
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