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

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.6% for the last 21 sessions. At 20:08 EST on Monday, 10 June, GBP/EUR (GBPEUR) is $1.18.

GBP/EUR’s yearly highs and lows, it’s 3.656% up from its 52-week low and 0.017% down from its 52-week high.

Volatility

GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.11%, 0.07%, and 0.16%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.20% (last week), 0.13% (last month), and 0.16% (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 struggles near three-week low, seems vulnerable below 100-day sma/1.0800. According to FXStreet on Monday, 10 June, "This, along with the cautious mood around the equity markets, is seen underpinning the safe-haven US Dollar (USD) and turning out to be a key factor exerting some downward pressure on the EUR/USD pair.", "The EUR/USD pair remains under some selling pressure for the second straight day and drops to over a three-week low during the Asian session on Monday. "
  • According to FXStreet on Monday, 10 June, "Renewed uncertainty over the political scenario in France undermines the Euro, dragging EUR/USD 0.26% lower on the day to trade near 1.0770."
  • According to FXStreet on Monday, 10 June, "The Euro fails to find any impetus from the ECB official’s comments, keeping EUR/USD 0.38% lower on the day at 1.0758 due to renewed Euro area political tensions."

More news about GBP/EUR (GBPEUR).

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