(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.4% for the last 5 sessions. At 00:08 EST on Thursday, 17 August, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR’s yearly highs and lows, it’s 8.175% up from its 52-week low and 1.631% 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%, 0.01%, and 0.25%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.38% (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
- According to FXStreet on Tuesday, 15 August, "Looking north, buyers could show interest in case EUR/USD makes a daily close above 1.0940 (100-day SMA) and starts using that level as support. ", "Meanwhile, Eren Sengezer, European Session Lead Analyst at FXStreet, offers a brief technical outlook for the major and explains: "The 14-day Relative Strength Index (RSI) on the daily chart retreated below 50 and EUR/USD closed below the 100-day Simple Moving Average (SMA) for the first time in nearly two months, reflecting a bearish bias."
- Eur/usd technical analysis: closer to testing important support levels – 15 August 2023. According to DailyForex on Tuesday, 15 August, "The dollar and the euro’s reactions to positive and negative US economic data have been mixed in recent weeks, making the market’s response to today’s US retail sales data crucial, but more important for EUR/USD might be the Chinese economic data due. ", "Meanwhile, the EUR/USD and EUR/CAD initially benefited in late July while the US dollar sold off when Chinese GDP, fixed-asset investment, industrial production, and retail sales figures for June revealed signs of recovery in some parts of the economy but the euro pairs It later fell when the renminbi itself rebounded from earlier losses. "
- Eur/usd recovers its recent losses, investors await US retail sales. According to FXStreet on Tuesday, 15 August, "This, in turn, caps the upside for the Euro and acts as a headwind for the EUR/USD pair.", "Markets await US Retail Sales data, and it could trigger volatility in EUR/USD in the next sessions."
- Eur/usd holds to gains near 1.0950 after US data. According to FXStreet on Tuesday, 15 August, "Following the release of retail sales figures, the US Dollar briefly rose, causing the EUR/USD pair to fall to 1.0896. ", "The EUR/USD pair is testing the 1.0950 area, which also coincides with the 20-period Simple Moving Average (SMA) on the 4-hour chart. "
- Eur/usd price analysis: euro bears keep reins below 1.0980 despite corrective bounce ahead of US retail sales. According to FXStreet on Tuesday, 15 August, "Clear downside break of previously key supports favors EUR/USD bears to approach 1.0780 support confluence.", "With this, the EUR/USD pair seems more likely to stay on the way to testing the 1.0780 support confluence comprising the 200-DMA and a nine-month-old rising trend line."
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