GBP/EUR Bearish Momentum: 0.99% Down In The Last 10 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.99% for the last 10 sessions. At 20:09 EST on Thursday, 29 June, GBP/EUR (GBPEUR) is $1.16.

GBP/EUR’s yearly highs and lows, it’s 7.352% up from its 52-week low and 3.178% 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 0.04%, a positive 0.04%, and a positive 0.23%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.27% (last week), 0.26% (last month), and 0.23% (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

  • According to FXStreet on Wednesday, 28 June, "It leaves EUR/USD continuing to trade towards the top of this year’s trading range."
  • Eur/usd price analysis: euro bears eye 1.0860 ahead of German inflation, fed chair powell’s speech. According to FXStreet on Thursday, 29 June, "Meanwhile, a corrective bounce in the EUR/USD price needs to cross a downward-sloping resistance line from the last Thursday, around 1.0950 at the latest, to recall the Euro bulls.", "Following that, the 200-Exponential Moving Average (EMA) level of near 1.0860 can prod the EUR/USD bears before directing them to the key support line stretched from May 31, surrounding 1.0790 as we write."
  • Eur/usd dives on speculations for additional hikes after fed chair powell remarks. According to FXStreet on Wednesday, 28 June, "Albeit both policymakers remain committed to bringing inflation down, Lagarde’s failure to commit to an additional hike in September hurt the Euro (EUR), as seen by the EUR/USD pair falling toward the daily low beneath the 1.0900 figure, at 1.0896 before recovering some ground.", "On the flip side, the EUR/USD first resistance would be the weekly high of 1.0976, followed by the psychological 1.1000 mark."
  • Eur/usd forex signal: bears flex their muscles – 29 June 2023. According to DailyForex on Thursday, 29 June, "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 1.0848.", "The EUR/USD exchange rate slipped to 1.0896, lower than this month’s high of 1.1012."
  • Eur/usd forex signal: more upside as lagarde points to more hikes – 28 June 2023. According to DailyForex on Wednesday, 28 June, "The EUR/USD pair moved above the 50-period moving average while the Relative Strength Index (RSI) has moved above the neutral point of 50. ", "The EUR/USD pair rose even after the strong economic data from the United States. "

More news about GBP/EUR (GBPEUR).

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