(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.51% for the last 21 sessions. At 06:09 EST on Wednesday, 7 August, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 2.051% up from its 52-week low and 2.398% 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 0.44%, a negative 0.08%, and a positive 0.17%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.48% (last week), 0.21% (last month), and 0.17% (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
- Eur/usd jumps but fails to grasp 1.10. According to FXStreet on Tuesday, 6 August, "Despite thin, overextended gains on the daily chart, price action has chalked in a rising pattern of higher lows, and bullish hopefuls will be looking to kick EUR/USD into a fresh bullish cycle after the pair spent most of 2024 churning in the midrange."
- According to FXStreet on Tuesday, 6 August, "As mentioned above, the dollar may recover a bit more ground today, and we could see EUR/USD slip back to the 1.090 mark.", "Our short-term models indicate EUR/USD should be trading above 1.10 even if that spread rewidens by another 20bp in favour of the dollar."
- Eur/usd extends its decline near 1.0900 on the recovery of US dollar. According to FXStreet on Wednesday, 7 August, "The EUR/USD pair trades on a softer note near 1.0915 after retracing from seven-month highs of nearly 1.1008 during the Asian trading hours on Wednesday. "
- Eur/usd bounces off 1.0900 mark, keeps the red amid modest USD strength. According to FXStreet on Wednesday, 7 August, "Adding to this, the European Central Bank’s (ECB) downbeat view of the Eurozone’s economic prospects continues to undermine the shared currency and exert some downward pressure on the EUR/USD pair. ", "This, in turn, acts as a tailwind for the EUR/USD pair and warrants some caution for aggressive bearish traders."
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