(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.97% for the last 10 sessions. At 09:11 EST on Friday, 2 August, GBP/EUR (GBPEUR) is $1.18.
GBP/EUR’s yearly highs and lows, it’s 3.007% up from its 52-week low and 1.484% down from its 52-week high.
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
- According to FXStreet on Thursday, 1 August, "That pricing seems far too aggressive in our view and instead, we think two-year EUR swap differentials will narrow further and provide EUR/USD with a little support.", "It therefore looks like EUR/USD can stay supported in a 1.0790-1.0850 range for the time being, andits best hope will be some much softer than expected US data."
- Eur/usd price analysis: tests the lower boundary of the descending channel around 1.0800. According to FXStreet on Friday, 2 August, "Additionally, the 14-day Relative Strength Index (RSI), a momentum indicator, remains below the 50 level, confirming the bearish sentiment for the EUR/USD pair. ", "On the downside, a break below the lower boundary of the descending channel around the level of 1.0800 could reinforce the bearish sentiment and exert pressure on the EUR/USD pair to navigate the region around the key level of 1.0670, potentially serving as a throwback support level."
- Eur/usd jitters after fed rate hold, FOMC press conference in view. According to FXStreet on Wednesday, 31 July, "Price action is grinding into the midrange as daily candlesticks find technical support from the 200-day EMA at 1.0798, but momentum remains bearish as EUR/USD grinds down from the last swing high just above 1.0940."
- Eur/usd cycles familiar levels as NFP jobs dump looms ahead. According to FXStreet on Wednesday, 31 July, "Fiber bids are hung up on the 50-day Exponential Moving Average (EMA) at 1.0818, and middling price action has EUR/USD grinding into a fresh technical middle just north of the 200-day EMA at 1.0796."
- According to FXStreet on Friday, 2 August, "The Fed’s dovish outlook fuelled a US Dollar (USD) correction across the board while the benchmark 10-year US Treasury bond yields attacked the key 4.0% level, lifting the EUR/USD pair back on the 1.0800 threshold. ", "The EUR/USD pair faced stiff resistance at the 21-day Simple Moving Average (SMA), aligned at 1.0856 and returned to negative territory. "
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