(VIANEWS) – GBP/EUR (GBPEUR) has been up by 2.62% for the last 21 sessions. At 08:09 EST on Thursday, 1 June, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR’s yearly highs and lows, it’s 7.75% up from its 52-week low and 2.819% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.24%, 0.14%, and 0.27%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.29% (last week), 0.26% (last month), and 0.27% (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 price analysis: euro buyers flirt with resistance-turned-support near 1.0730. According to FXStreet on Wednesday, 31 May, "However, the bearish MACD signals and a horizontal area comprising multiple levels marked since mid-March, close to 1.0760, appear a tough nut to crack for the EUR/USD bulls.", "In a case where the EUR/USD drops below 1.0715, the 1.0700 round figure and an upward-sloping support line from March 15 will be in the spotlight."
- Eur/usd forex signal: hammer pattern points to a brief rebound – 31 May 2023. According to DailyForex on Wednesday, 31 May, "The EUR/USD pair drifted downwards after the better-than-expected US consumer confidence and housing data. ", "The EUR/USD price is hovering near its lowest level since March 21st this year as more signs showed that the Federal Reserve could hike rates again in June. "
- Eur/usd forex signal: 1.1650 is the next price to watch – 30 May 2023. According to DailyForex on Tuesday, 30 May, "The EUR/USD pair has been in a strong downward trend as the US dollar index (DXY) has jumped to the highest level since March 27th. ", "The EUR/USD pair was little changed on Monday amid low liquidity since US markets were closed for the Memorial Day weekend. "
- Eur/usd price analysis: bearish impulsive eyes 1.0530, German inflation and fed’s beige book. According to FXStreet on Wednesday, 31 May, "However, the triple bottoms near the 1.0530 support zone comprising multiple levels marked since late February appears a tough nut to crack for the EUR/USD bears afterward, especially amid a likely oversold RSI line at that level.", "Meanwhile, the aforementioned horizontal region surrounding 1.0700-15 precedes the descending resistance line, close to 1.0725 at the latest, to restrict short-term EUR/USD recovery."
- Eur/usd skates on thin ice near 1.0700, eu/us consumer confidence, US default jitters in focus. According to FXStreet on Tuesday, 30 May, "Apart from that, Spanish Prime Minister (PM) Pedro Sanchez announced snap elections in July while Greek President is up for appointing a caretaker PM ahead of a repeat election on June 25, which in turn flags geopolitical fears in the bloc and weighs on the EUR/USD prices.", "Looking forward, Eurozone Consumer Confidence and the US Conference Boards’ (CB) Consumer Confidence data for May will offer immediate directions to the EUR/USD pair traders. "
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