(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.99% for the last 10 sessions. At 17:10 EST on Monday, 12 June, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR's yearly highs and lows, it's 7.537% up from its 52-week low and 3.011% down from its 52-week high.
Volatility
GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.07%, 0.09%, and 0.24%, respectively.
GBP/EUR's highest amplitude of average volatility was 0.13% (last week), 0.19% (last month), and 0.24% (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 grinds near mid-1.0700s as fed vs. ECB play gains attention. According to FXStreet on Sunday, 11 June, "Elsewhere, fears of slower economic transition on a broader level join the fears of the US-China tension and higher yields to prod the EUR/USD traders. ", "Failure to cross the 50-day Exponential Moving Average (EMA) hurdle of around 1.0810 directs EUR/USD towards retesting the 200-day EMA support, near 1.0690 by the press time."
- Eur/usd could see a retest of last week's low at 1.0635 – ING. According to FXStreet on Monday, 12 June, "That happens to be our baseline view and one of the reasons we think EUR/USD will find a base in the 1.05/1.07 area this month before pushing to 1.15+ by year-end.", "It seems too early for the ECB to drop its inflation guard, but a hawkish Fed story could be dominating and EUR/USD could see a retest of last week's low at 1.0635."
- Eur/usd price analysis: bears eye the neck line of the reversion pattern. According to FXStreet on Saturday, 10 June, "However, EUR/USD bulls are lurking in the flanks of the correction on the back ofcentral bank divergence themes on the prospects for the Federal Reservepausingwhile the ECB continues to raise interest rates. "
- Eur/usd price analysis: rising wedge lures euro bears as fed, ECB decisions loom, 1.0720 eyed. According to FXStreet on Monday, 12 June, "However, a convergence of the 50-SMA and the aforementioned rising wedge's bottom line, close to 1.0720, appears a tough nut to crack for the EUR/USD bears to crack.", "Alternatively, EUR/USD recovery needs to defy the rising wedge bearish chart pattern by crossing the 1.0790 hurdle, quickly followed by the 1.0800 psychological resistance, to convince the Euro buyers."
- Eur/usd flat-lines around mid-1.0700s, traders await US CPI and FOMC decision this week. According to FXStreet on Monday, 12 June, "The key data/event will provide more cues on the Federal Reserve's near-term policy outlook, which, in turn, will determine the next leg of a directional move for the US Dollar (USD) and provide some meaningful impetus to the EUR/USD pair.", "The EUR/USD pair recovers a few pips from the Asian session low and for now, seems to have stalled its retracement slide from over a two-week high touched on Friday. "
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