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GBP/EUR Bullish Momentum: 0.97% Up In The Last 5 Sessions

ViaNews Editorial Team

February 24, 2023

GBP/EUR Bullish Momentum: 0.97% Up In The Last 5 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.97% for the last 5 sessions. At 20:07 EST on Thursday, 23 February, GBP/EUR (GBPEUR) is $1.13.

GBP/EUR's yearly highs and lows, it's 4.828% up from its 52-week low and 6.999% 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 positive 0.30%, a negative 0.03%, and a positive 0.32%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.34% (last week), 0.36% (last month), and 0.32% (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 unlikely to ease much below the 1.06 mark – commerzbank. According to FXStreet on Wednesday, 22 February, "Antje Praefcke, FX Analyst at Commerzbank, does not expect the EUR/USD pair to ease much below 1.06.", "I do not expect EUR/USD to ease much below 1.06, but the lower end is nonetheless likely to remain the weaker one for now."
  • Eur/usd forex signal: technical point to a bearish continuation - 22 February 2023. According to DailyForex on Wednesday, 22 February, "The main thing that will move the EUR/USD pair will be the upcoming minutes by the Federal Reserve. ", "The EUR/USD exchange rate moved sideways for the second day on Tuesday after the strong economic data from Europe and the United States. "
  • Eur/usd to climb back higher toward 1.0700-1.0750 before the weekend – ING. According to FXStreet on Wednesday, 22 February, "We think that, at this stage, support around 1.0640-1.0660 is enough of an encouraging sign for EUR/USD given the strength of the Dollar against other pro-cyclical currencies."
  • Eur/usd price analysis: extends recovery above 1.0660 as investors’ risk-taking capacity improves. According to FXStreet on Wednesday, 22 February, "The EUR/USD pair has sensed a buying interest after dropping to near 1.0640 in the Asian session. "

More news about GBP/EUR (GBPEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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