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GBP/EUR Bearish Momentum: 0.97% Down In The Last 10 Sessions

ViaNews Editorial Team

February 12, 2023

GBP/EUR Bearish Momentum: 0.97% Down In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.97% for the last 10 sessions. At 14:07 EST on Sunday, 12 February, GBP/EUR (GBPEUR) is $1.13.

GBP/EUR's yearly highs and lows, it's 4.448% up from its 52-week low and 7.335% 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 positive 0.41%, a negative 0.02%, and a positive 0.36%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.51% (last week), 0.30% (last month), and 0.36% (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: extends pullback from 200-sma towards 1.0700. According to FXStreet on Friday, 10 February, "In a case where the EUR/USD remains weak past 1.0690, the odds of witnessing a southward trajectory towards the monthly low of 1.0670 and then to January's bottom surrounding 1.0485 can't be ruled.", "However, an upward-sloping support line from Tuesday probes EUR/USD bears near 1.0730 ahead of the one-month-old ascending trend line support, close to 1.0690 at the latest."
  • Eur/usd retreats from 1.0750 as recession woes battle with inflation concerns amid mixed ecb, fed talks. According to FXStreet on Friday, 10 February, "Looking ahead, a light calendar in the bloc needs the EUR/USD traders to observe the risk catalysts for intermediate directions ahead of the early signals for the next week's US inflation data, namely preliminary readings of the US Michigan Consumer Sentiment Index and 5-year Consumer Inflation Expectations for February. ", "While the recession woes renewed the US Dollar demand, softer German inflation data also probed the EUR/USD buyers. "

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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