(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.91% for the last 5 sessions. At 04:08 EST on Thursday, 21 September, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 6.844% up from its 52-week low and 1.852% 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
- According to DailyForex on Tuesday, 19 September, "This should be enough to prevent a sharp collapse of the EUR/USD or GBP/USD pair (it seems unlikely that EUR/USD or GBP/USD will fall to around 1.15) but GBP/USD could reach 1.20, And EUR/USD could easily trade below 1.05 easily if we don’t get any positive surprises from real economic data in Europe soon."
- Eur/usd: test of the 1.050/1.0550 area is not inconceivable – ING. According to FXStreet on Tuesday, 19 September, "The start of the week has seen EUR/USD rebound modestly and attempt to climb back above 1.0700. ", "That would be a de-facto additional tightening, so the Euro was slightly stronger on the news, but hardly enough to turn the tide for EUR/USD as the pair remains depressed on a wider Fed/ECB rate differential."
- According to FXStreet on Tuesday, 19 September, "Speculators remain net-long EUR/USD at +15% of open interest as of last week, which was however the lowest level since October 2022."
- Eur/usd consolidates in a range just below 1.0700, eyes euro zone CPI for some impetus. According to FXStreet on Tuesday, 19 September, "This, in turn, is seen acting as a headwind for the shared currency, though a softer tone surrounding the US Dollar (USD) continues to lend some support to the EUR/USD pair.", "This, in turn, will play a key role in influencing the near-term USD price dynamics and help determine the next leg of a directional move for the EUR/USD pair. "
- According to FXStreet on Tuesday, 19 September, "In the event that the EUR/USD breaks under its September 14 low of 1.0631, there is a possibility that it may revisit the March 15 low of 1.0516 before reaching the 2023 bottom of 1.0481 from January 6.", "The Euro (EUR) manages to regain some balance against the US Dollar (USD), motivating EUR/USD to rapidly leave behind the initial drop to the vicinity of 1.0670 and refocus its attention to the 1.0700 hurdle on Tuesday."
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