GBP/EUR Bearish Momentum: 1% Down In The Last 10 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1% for the last 10 sessions. At 06:06 EST on Friday, 20 October, GBP/EUR (GBPEUR) is $1.14.

GBP/EUR’s yearly highs and lows, it’s 2.802% up from its 52-week low and 2.744% 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 0.16%, a negative 0.07%, and a positive 0.22%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.24% (last week), 0.21% (last month), and 0.22% (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, 18 October, "Stronger growth in China is implicitly positive for EUR/USD (trade balance) but is it enough to guide the pair above 1.0635? "
  • Eur/usd price analysis: maintains position near 1.0570 ahead of eurozone CPI. According to FXStreet on Wednesday, 18 October, "A breakthrough above this level could propel the EUR/USD pair towards the 1.0600 major level, followed by the 23.6% Fibonacci retracement at the 1.0628 level.", "However, the EUR/USD pair maintains a prevailing bearish momentum, underscored by a weaker bias evident in the 14-day Relative Strength Index (RSI) holding below the 50 level."
  • Eur/usd: the risks should continue to point downwards – commerzbank. According to FXStreet on Wednesday, 18 October, "The risks in EUR/USD should continue to point downwards if the conflict were to increase in strength or escalate."

More news about GBP/EUR (GBPEUR).

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