(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.33% for the last 10 sessions. At 19:10 EST on Tuesday, 1 October, GBP/EUR (GBPEUR) is $1.20.
GBP/EUR’s yearly highs and lows, it’s 5.146% up from its 52-week low and 0.283% down from its 52-week high.
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 price forecast: flat lines below 1.1200 ahead of German consumer inflation data. According to FXStreet on Monday, 30 September, "On the flip side, weakness below the 1.1125-1.1120 immediate support could drag the EUR/USD pair below the 1.1100 mark, towards testing last week’s swing low, around the 1.1085-1.1080 zone. ", "This makes it prudent to wait for a sustained breakout through the aforementioned short-term trading range before confirming and positioning for the next leg of a directional move for the EUR/USD pair."
- Eur/usd flat lines below mid-1.1100s ahead of eurozone cpi, US macro data. According to FXStreet on Tuesday, 1 October, "Apart from this, speeches by a slew of influential FOMC members will drive the USD demand and provide some meaningful impetus to the EUR/USD pair, which remains confined in a familiar range held over the past two weeks or so. ", "The EUR/USD pair struggles to gain any meaningful traction following the previous day’s pullback from the vicinity of the 14-month peak - levels just above the 1.1200 mark and oscillates in a narrow band during the Asian session on Tuesday. "
- According to FXStreet on Tuesday, 1 October, "The large moves in the EUR:USD short-term rate differentials are pointing to a weaker EUR/USD now. ", "All in all, barring surprise in EZ and US data, we think EUR/USD can trade back below 1.110 in the next couple of days, and test 1.100 if US unemployment doesn’t tick higher on Friday."
More news about GBP/EUR (GBPEUR).
