(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.97% for the last 10 sessions. At 20:07 EST on Monday, 24 July, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.047% up from its 52-week low and 3.453% 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 0.21%, a negative 0.01%, and a positive 0.26%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.27% (last week), 0.28% (last month), and 0.26% (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: weekly forecast 23rd July – 29th July – 23 July 2023. According to DailyForex on Sunday, 23 July, "While day traders who remain bullish regarding the EUR/USD might be disappointed that support levels late last week were vulnerable, the downward movement in the currency pair is also a reminder that Forex is never a one-way avenue. ", "The highs attained early last week show there remains a belief the EUR/USD has room to move higher, but the fast sell-off also shows that volatility exists as financial institutions aim for a balanced price. "
- Eur/usd holds steady above 1.1100 mark, eyes flash euro zone/us pmis for some impetus. According to FXStreet on Monday, 24 July, "The EUR/USD pair kicks off the new week on subdued note and oscillates in a narrow trading band around the 1.1125-1.1130 area through the Asian session. ", "This, in turn, might hold back traders from placing aggressive directional bets and should help limit any meaingful downside for the EUR/USD pair, at least for the time being. "
- Eur/usd steadies above 1.1100 after three-day losing streak, eu/us PMI data, ecb, fed eyed. According to FXStreet on Sunday, 23 July, "Amid these plays, Wall Street closed mixed while the US Treasury bond yields posted a mild weekly gain, which in turn favors US Dollar’s further upside and weighs on the EUR/USD price.", "On the other hand, European Central Bank (ECB) officials’ mixed statements fail to defend the ECB hawks and put a floor under the EUR/USD price amid the comparatively upbeat US data and Fed’s hawkish statements."
- According to FXStreet on Monday, 24 July, "The period under study saw a sharp pick-up in speculation over the end of the Fed’s tightening cycle in response to another lower prints of US inflation during June, which morphed into fresh tops for EUR/USD north of 1.1200 the figure.", "The ongoingcorrective move in EUR/USD seems to have met some initial contention around 1.1065 (July 24) so far. "
- Eur/usd correction May only extend to the 1.1050 area – ING. According to FXStreet on Monday, 24 July, "Given what could be a mildly hawkish Fed event risk on Wednesday and the prospect of the ECB less than wholeheartedly backing the idea of a follow-up September rate hike, we see some downside risks to EUR/USD this week.", "As a result, we think this EUR/USD correction may only extend to the 1.1050 area."
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