(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.89% for the last 21 sessions. At 15:12 EST on Sunday, 28 May, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR's yearly highs and lows, it's 6.381% up from its 52-week low and 4.054% 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 0.05%, a positive 0.13%, and a positive 0.26%, respectively.
GBP/EUR's highest amplitude of average volatility was 0.15% (last week), 0.26% (last month), and 0.26% (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 Friday, 26 May, "At the time of writing, EUR/USD is treading water at around 1.0730, modestly flat on the day."
- Eur/usd to stay soft near 1.0700/0720 – ING. According to FXStreet on Friday, 26 May, "There were reports in the market yesterday of some upside interest in EUR/USD going through the FX options market. ", "Expect EUR/USD to stay soft near 1.0700/0720 and perhaps take a decisive turn on the release of the US inflation data."
- Eur/usd: switch from recovery to sustainably lower levels could occur around turn of the year – commerzbank. According to FXStreet on Friday, 26 May, "In the coming months, EUR/USD is likely to strengthen because the ECB's monetary policy is likely to be more hawkish in the near future and therefore more attractive from a currency market perspective than that of the Fed. ", "We suspect that the turnaround in the EUR/USD exchange rate could come around the turn of the year."
- Eur/usd to trade above 1.30 again once ECB rates move higher than fed rates – socgen. According to FXStreet on Friday, 26 May, "Economists at Société Générale expect the EUR/USD pair to race higher driven by relative natural rates.", "EUR/USD almost broke above 1.50 in that cycle and while that seems inconceivable, we're more optimistic than we have been for a while, that we'll see EUR/USD above 1.30 again, once the war in Ukraine and Europe's energy troubles are behind us."
- Eur/usd price analysis: euro rebounds to target 1.0750 amid persistent bears ahead of key US data. According to FXStreet on Friday, 26 May, "Even if the EUR/USD buyers manage to cross the 1.0765 hurdle, the 100-day Exponential Moving Average (EMA) of around 1.0780 can act as the last defense of the EUR/USD bears before directing it to the mid-month peak surrounding 1.0900.", "Overall, EUR/USD remains on the bear's radar despite the latest corrective bounce."
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