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GBP/EUR Bearish Momentum: 0.93% Down In The Last 10 Sessions

ViaNews Editorial Team

August 10, 2023

GBP/EUR Bearish Momentum: 0.93% Down In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.93% for the last 10 sessions. At 13:08 EST on Thursday, 10 August, GBP/EUR (GBPEUR) is $1.15.

GBP/EUR's yearly highs and lows, it's 6.77% up from its 52-week low and 3.146% 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 0.07%, a negative 0.05%, and a positive 0.24%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.21% (last week), 0.25% (last month), and 0.24% (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 forex signal: consolidation between $1.0900 and $1.1038 - 08 August 2023. According to DailyForex on Tuesday, 8 August, "My previous EUR/USD signal on 1st August was not triggered, as there was insufficiently bearish price action when the resistance level at $1.1038 was first reached that day.", "In my previous analysis of the EUR/USD currency pair, I wrote that bullish and bearish influences were mixed, and that the best potential trade which might set up would be a short entry following a bearish rejection of the resistance level at $1.1006."
  • According to FXStreet on Tuesday, 8 August, "The breach of the 1.0920 zone, where the monthly low and the interim 55-day and 100-day SMAs intersect, exposes EUR/USD to potential downside, potentially driving it towards the July low of 1.0833 (July 6). ", "Moreover, the optimistic perspective on EUR/USD remains intact as long as the pair remains above the pivotal 200-day SMA."
  • Eur/usd: four reasons suggest sideways trade – crédit agricole. According to FXStreet on Tuesday, 8 August, "If this occurs, the momentary strength in the EUR could soon fizzle out, keeping the EUR/USD pair within a range.", "This would cap any significant widening in the EUR/USD rate spread, limiting the potential upside for the EUR/USD pair."
  • Eur/usd struggles to gain near the 1.1000 barrier, eu/us inflation data eyed. According to FXStreet on Tuesday, 8 August, "The EUR/USD pair struggles to gain momentum and holds below the 1.1000 barrier on Tuesday. ", "This event could significantly impact the US Dollar and give a clear direction to the EUR/USD pair."

More news about GBP/EUR (GBPEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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