(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.25% for the last 10 sessions. At 05:08 EST on Friday, 22 September, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 6.363% up from its 52-week low and 2.294% 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 overbought (>=80).
News about
- According to FXStreet on Wednesday, 20 September, "In case EUR/USD breaches its September 14 low of 1.0631, there is a possibility that it may revisit the March 15 low of 1.0516 ahead of the 2023 bottom of 1.0481 from January 6.", "As long as the EUR/USD remains below the 200-day SMA, there is a possibility that the pair may continue to experience downward pressure."
- Eur/usd: narrowing yield differentials and weaker external sentiment likely to weigh on the euro – HSBC. According to FXStreet on Wednesday, 20 September, "A shift lower in EUR rate expectations from here, alongside the potential for US rate cuts to be priced out of the market, makes downside potential for EUR/USD most compelling. "
- Eur/usd nosedives below 1.0700 on fed’s hawkish hold; traders eye powell’s presser. According to FXStreet on Wednesday, 20 September, "As newswires crossed, the EUR/USD tumbled below the 1.0700 mark, extending its losses past the R1 pivot point at 1.0706, though shy of testing the daily low of 1.0672. ", "The EUR/USD dropped sharply late in the New York session as the US Federal Reserve (Fed) decided to keep rates unchanged at the 5.25%-5.50% range, though it stood to its restrictive stance. "
- Eur/usd: euro struggles against the US dollar, as fomc’s decision looms. According to FXStreet on Wednesday, 20 September, "Conversely, a dovish surprise and the EUR/USD could rally past the September 19 high at 1.0718 and target the 200-day Moving Average (DMA) at 1.0828."
- Eur/usd price analysis: remains sideways around 1.0680, FOMC decision eyed. According to FXStreet on Wednesday, 20 September, "On the upside, the EUR/USD pair could face a barrier around the 1.0700 psychological level, followed by the 12-day Exponential Moving Average (EMA) at 1.0713.", "However, the selling pressure in the EUR/USD pair prevails as the 14-day Relative Strength Index (RSI) lies below the 50 level."
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