(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.55% for the last 21 sessions. At 06:10 EST on Tuesday, 13 August, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR’s yearly highs and lows, it’s 2.7% up from its 52-week low and 1.777% 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 0.01%, a negative 0.08%, and a positive 0.17%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.26% (last week), 0.22% (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 oversold (<=20).
News about
- Eur/usd appreciates above 1.0900, upside seems limited due to middle east tensions. According to FXStreet on Monday, 12 August, "Expectations for a potential interest rate cut by the Federal Reserve (Fed) in September could put pressure on the US Dollar (USD), potentially providing support for the EUR/USD pair. "
- Eur/usd price forecast: 1.1000 appears to be a tough nut to crack for buyers. According to FXStreet on Monday, 12 August, "The EUR/USD pair trades with mild gains around 1.0920 during the early European session on Monday. ", " According to the daily chart, the bullish outlook of EUR/USD prevails as the major pair remains well above the key 100-day Exponential Moving Average (EMA). "
- Eur/usd holds steady with US inflation figures over the horizon. According to FXStreet on Monday, 12 August, "Fiber continues to trade on the high side of a rough descending channel that has weighed on EUR/USD for the duration of 2024. ", "A rising pattern of higher lows is solidifying on daily candlesticks, but EUR/USD is still poised for another dip back into the 200-day Exponential Moving Average (EMA) near 1.0800 if bidders don’t return to the fold and get EUR/USD bolstered into fresh near-term highs."
- Eur/usd edges higher above 1.0900, US PPI data looms. According to FXStreet on Tuesday, 13 August, "The EUR/USD pair trades in positive territory around 1.0940 during the Asian session on Tuesday. ", "The rising bets on the Fed rate cut are likely to weigh on the US Dollar (USD) and create a tailwind for EUR/USD for the time being."
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