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GBP/EUR Bullish Momentum: 0.99% Up In The Last 5 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 0.99% for the last 5 sessions. At 10:11 EST on Thursday, 27 July, GBP/EUR (GBPEUR) is $1.17.

GBP/EUR’s yearly highs and lows, it’s 7.944% up from its 52-week low and 2.644% down from its 52-week high.

Volatility

GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.21%, 0.03%, and 0.27%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.25% (last week), 0.29% (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: sellers to target a return to 1.10 after dovish comments by council hawk knot – socgen. According to FXStreet on Tuesday, 25 July, "In March 2020 (Covid outbreak), EUR/USD again crossed 1.1350 before retracing 6.2% to 1.0638.", "Technically, the swing in EUR/USD back below the 200-WMA last week does not augur well and is reminiscent of 2019 and 2020. "
  • Eur/usd slumps amid eu’s recessionary fears ahead of fed and ecb’s decisions. According to FXStreet on Tuesday, 25 July, "That and house prices boosted the US Dollar (USD) early in the North American session, as the EUR/USD dived to a new weekly low of 1.1020.", "The EUR/USD extended its fall on Monday after S&P Global PMIs in the US were mixed, as manufacturing activity improved, but services slumped. "
  • Eur/usd price analysis: finds support near 100-period SMA on h4, bulls seem reluctant. According to FXStreet on Tuesday, 25 July, "Given that oscillators on the daily chart – though have been losing traction – as still holding in the positive territory – the latter should act as a strong base for the EUR/USD pair. ", "A sustained strength beyond will shift the bias back in favour of bullish traders and lift the EUR/USD pair further beyond the 1.1200 mark, towards testing the next relevant barrier near the 1.1250-1.1255 region and the YTD peak, around the 1.1275 area."
  • Eur/usd forex signal: outlook ahead of US consumer confidence data – 25 July 2023. According to DailyForex on Tuesday, 25 July, "The EUR/USD pair retreated as traders refocused on the upcoming interest rate decisions by the Federal Reserve and European Central Bank (ECB) decisions. ", "On Tuesday, the key EUR/USD news to watch will be the upcoming German business and US consumer confidence data.EUR/USD technical analysis"

More news about GBP/EUR (GBPEUR).

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