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

ViaNews Editorial Team

September 28, 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 11:08 EST on Thursday, 28 September, GBP/EUR (GBPEUR) is $1.15.

GBP/EUR's yearly highs and lows, it's 3.682% up from its 52-week low and 1.911% 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 0.12%, a negative 0.06%, and a positive 0.26%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.43% (last week), 0.26% (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 oversold (<=20).

News about

  • According to FXStreet on Tuesday, 26 September, "On the downside, EUR/USD faces immediate support at the March 15 low of 1.0516, followed by the 2023 low of 1.0481 seen on January 6.", "The selling pressure around EUR/USD remains everything but abated for yet another session, leaving the door wide open to further retracement in the short-term horizon."
  • Eur/usd could sink into the 1.0480/1.0510 support area – ING. According to FXStreet on Tuesday, 26 September, "Without support from extreme under-valuation or existing heavy short positioning, the EUR/USD pair looks as though it could sink into the 1.0480/1.0510 support area."
  • Eur/usd forex signal: euro stung by rising US bond yields - 26 September 2023. According to DailyForex on Tuesday, 26 September, "The EUR/USD exchange rate continued its brutal sell-off as the fear of soaring interest rates led to a major bond sell-off. ", "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:'ReviewsNonPartner',id:'horizontal-top-5',size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});Bearish viewSell the EUR/USD pair and set a take-profit at 1.0545."
  • Eur/usd technical analysis: new support break - 26 September 2023. According to DailyForex on Tuesday, 26 September, "The EUR/USD exchange rate remains vulnerable to further losses and looks set to take another step towards the key support level of 1.05 in the coming days. ", "Expectations of the euro against the dollar today:According to the performance on today's chart below, the general trend of the EUR/USD currency pair is downward."
  • According to FXStreet on Tuesday, 26 September, "At the time of writing, EUR/USD is flirting with 1.0600 on its road to recovery. "

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.