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GBP/EUR Bearish Momentum: 0.93% Down In The Last 5 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.93% for the last 5 sessions. At 01:06 EST on Thursday, 23 March, GBP/EUR (GBPEUR) is $1.13.

GBP/EUR’s yearly highs and lows, it’s 4.467% up from its 52-week low and 6.783% down from its 52-week high.

Volatility

GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.14%, 0.05%, and 0.31%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.14% (last week), 0.31% (last month), and 0.31% (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 price analysis: upside seems solid despite fed prepares to hike amid banking turmoil. According to FXStreet on Tuesday, 21 March, "The EUR/USD pair has turned sideways in the early Tokyo session after printing a fresh five-week high at 1.0788 on Tuesday. "
  • Eur/usd aptly portrays pre-fed anxiety below 1.0800, ecb’s lagarde eyed too. According to FXStreet on Wednesday, 22 March, "Recently, the news that the US policymakers are discussing ways to surpass the US Congress to defend the banks joined chatters that the First Republic Bank eyes government helps to encourage buyers probed EUR/USD traders.", "Although a clear upside break of 50-DMA, around 1.0730, keeps EUR/USD buyers hopeful, a three-week-old resistance line, near 1.0800 at the latest, prods the Euro pair’s further upside."
  • Eur/usd price analysis: bulls take a breather but 1.0660 holds gate for sellers’ entry. According to FXStreet on Tuesday, 21 March, "Meanwhile, EUR/USD recovery remains elusive unless crossing a one-month-old descending resistance line, around 1.0750 at the latest.", "In a case where the EUR/USD price drops below 1.0660, multiple supports may test the bears around 1.0540 and 1.0525 before highlighting the monthly low of 1.0516."
  • Eur/usd price analysis: pair revisits descending trendline at 1.0720 level before FOMC meeting. According to FXStreet on Tuesday, 21 March, "The three-day bullish rally for EUR/USD has led to a retest of the descending trendline that originates from February’s high at the 1.1036 level.", "A convincing break below this point could send EUR/USD down to the multi-month low of 1.0525, the last line of support."

More news about GBP/EUR (GBPEUR).

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