(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.95% for the last 10 sessions. At 18:06 EST on Thursday, 22 August, GBP/EUR (GBPEUR) is $1.18.
GBP/EUR's yearly highs and lows, it's 3.252% up from its 52-week low and 1.249% down from its 52-week high.
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
- According to FXStreet on Thursday, 22 August, "In the case of the EUR/USD pair, a corrective decline is now on the table, with supports at 1.1080 and the 1.1000 threshold. ", "According to Valeria Bednarik, FXStreet's Chief Analyst, "The EUR/USD pair is technically overbought, yet there are no signs of a change in the dominant trend. "
- Eur/usd: FX options markets suggest some active buying – ING. According to FXStreet on Tuesday, 20 August, "The one-month risk reversal -the price of a EUR/USD call option over an equivalent put option -is moving deeper in favour of euro calls. ", "At the heart of the story is whether EUR/USD willbreak out of an 18-month trading range, which has largely contained EUR/USD between 1.05 and 1.11, ING's FX strategist Chris Turner notes."
- According to FXStreet on Wednesday, 21 August, "Apologies for the obvious comment, but were it not for the mighty dollar, EUR/USD would now be a lot higher.", "All we are saying is that if resistance breaks, very low realised volatility levels warn that EUR/USD could move sharply higher."
- Eur/usd: new range? – rabobank. According to FXStreet on Tuesday, 20 August, "As we argued earlier this month, we see upside risks for EUR/USD as likely to be associated with a softer USD rather than a broadly stronger EUR. ", "On balance, while we can not rule out another dip to the EUR/USD1.08 area in the weeks ahead, we expect EUR/USD to 1.09/1.10 area to become more comfortable for EUR/USD in the coming months."
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