(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.04% for the last 10 sessions. At 17:08 EST on Monday, 21 August, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR’s yearly highs and lows, it’s 8.259% up from its 52-week low and 1.556% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.20%, 0.08%, and 0.25%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.23% (last week), 0.25% (last month), and 0.25% (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: weekly forecast 20th August – 26th August – 20 August 2023. According to DailyForex on Sunday, 20 August, "S Treasury yields start to move lower this week, this could mean risk appetite is increasing a bit and could mean the EUR/USD could spark higher, but that is a big ‘if’ within current market conditions.", "On Monday of last week, the EUR/USD fell below the 1.09000 ratio and then it found itself struggling to fight its way above this mark for the next couple of days. "
- Eur/usd remains depressed below 1.0900, us/eu pmi, ecb’s lagarde and fed’s powell eyed. According to FXStreet on Sunday, 20 August, "Although the nearly oversold RSI (14) line challenges EUR/USD bears, a convergence of the 100-day Exponential Moving Average (EMA) and a downward-sloping trend line from July 18, close to 1.0905-10 by the press time, guards immediate recovery of the Euro pair.", "In addition to the data line that favored the US Dollar, the easing of the dovish bias about the Federal Reserve (Fed), backed by the latest Fed Minutes, also weighed on the EUR/USD price. "
- Eur/usd moves away from multi-week low set on Friday, lacks bullish conviction. According to FXStreet on Monday, 21 August, "The EUR/USD pair gains some positive traction on the first day of a new week and for now, seems to have snapped a six-day losing streak to its lowest level since July 6, around the 1.0845 area touched on Friday. ", "Apart from this, speculations that the European Central Bank (ECB) will halt its streak of nine consecutive rate hikes in September might further contribute to keeping a lid on the EUR/USD pair. "
- Eur/usd: risk of moving back to 1.06 on a 6-month view – rabobank. According to FXStreet on Saturday, 19 August, "We maintain our 3-month EUR/USD forecast of 1.08 and see risk of EUR/USD moving back to 1.06 on a 6 month view before Fed rate cuts make way for a softer outlook for the greenback."
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