(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.99% for the last 10 sessions. At 06:06 EST on Friday, 12 July, GBP/EUR (GBPEUR) is $1.19.
GBP/EUR’s yearly highs and lows, it’s 4.287% up from its 52-week low and 0.101% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.09%, 0.01%, and 0.15%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.14% (last week), 0.15% (last month), and 0.15% (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
- According to FXStreet on Thursday, 11 July, "On the downside, technical sellers could take action and force EUR/USD to stretch lower if the pair drops below 1.0800 (100-day SMA, 200-day SMA) and starts using this level as resistance. ", "Once EUR/USD clears this level, it could face next resistance at 1.0900-1.0915 (psychological level, June 4 high) before targeting 1.1000. "
- Eur/usd follows the rest of the market higher after US CPI inflation chills. According to FXStreet on Thursday, 11 July, "Despite a firm push into topside territory, the Fiber remains hampered by a rough descending channel, and daily candlesticks are poised for a bearish turnaround as EUR/USD waffles just beneath 1.0900."
- According to FXStreet on Thursday, 11 July, "The Euro (EUR) is enjoying some "silence" on French politics, which is making investors comfortable so far with EUR/USD drifting slightly higher from the 1.0800-1.0830 anchor, ING’s FX strategist Francesco Pesole notes.", "As discussed above, the US Dollar may soften today and EUR/USD could eye 1.0900. "
- Eur/usd price analysis: rises toward 1.1000 ahead of three-month highs. According to FXStreet on Friday, 12 July, "Furthermore, the 14-day Relative Strength Index (RSI), a momentum indicator, is above the level of 50, confirming the bullish trend for the EUR/USD pair. ", "The EUR/USD pair found support as the US Dollar (USD) weakened following softer-than-expected US Consumer Price Index (CPI) data in June. "
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