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GBP/EUR Bearish Momentum With A 1% Fall In The Last 10 Sessions

ViaNews Editorial Team

February 13, 2023

GBP/EUR Bearish Momentum With A 1% Fall In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.04% for the last 10 sessions. At 02:06 EST on Monday, 13 February, GBP/EUR (GBPEUR) is $1.13.

GBP/EUR's yearly highs and lows, it's 4.374% up from its 52-week low and 7.401% 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 positive 0.41%, a negative 0.02%, and a positive 0.36%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.51% (last week), 0.30% (last month), and 0.36% (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

  • Eur/usd sees more weakness below 1.0660 as investors expect a surprise upside in US CPI. According to FXStreet on Sunday, 12 February, "The EUR/USD pair has showed a pullback move to near 1.0680 in the early Tokyo session. "
  • Eur/usd price analysis: sellers attack 1.0660 key support at monthly low. According to FXStreet on Monday, 13 February, "It's worth noting, however, that the previous monthly low around 1.0480 could challenge the EUR/USD bears past 1.0530.", "Overall, EUR/USD is likely to extend its south-run as traders await the key US inflation data."
  • Eur/usd renews monthly low below 1.0700 amid ecb, fed chatters, focus on EU gdp, US inflation. According to FXStreet on Monday, 13 February, "However, cautious mood ahead of the key US Consumer Price Index (CPI) for January and the preliminary readings of the Eurozone fourth quarter (Q4) Gross Domestic Product, up for publishing on Tuesday, seem to probe the EUR/USD bears."

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.

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