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GBP/EUR Bullish Momentum With A 1% Jump In The Last 21 Sessions

ViaNews Editorial Team

September 24, 2024

GBP/EUR Bullish Momentum With A 1% Jump In The Last 21 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.68% for the last 21 sessions. At 06:10 EST on Tuesday, 24 September, GBP/EUR (GBPEUR) is $1.20.

GBP/EUR's yearly highs and lows, it's 5.286% up from its 52-week low and 0.1% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.23%, 0.08%, and 0.20%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.34% (last week), 0.19% (last month), and 0.20% (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 Monday, 23 September, "This is not a great environment for the Euro, nor for EUR/USD to push above major resistance at 1.12. ", "Further EUR/USD consolidation in a 1.11-1.12 range seems likely, with downside risks early this week."
  • Eur/usd eases back after misfire in EU PMI figures. According to FXStreet on Monday, 23 September, "Despite a broad-market weakening in the Greenback following last week's surprise double rate cut from the Fed, souring market sentiment on behalf of the Euro is keeping EUR/USD under wraps.", "Despite intraday weakness, EUR/USD continues to remain overall well-bid, with the pair testing into yearly highs despite an inability to reclaim the 1.1200 handle."

More news about GBP/EUR (GBPEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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