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GBP/EUR Jumps By 1% In The Last 21 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.77% for the last 21 sessions. At 18:06 EST on Tuesday, 19 December, GBP/EUR (GBPEUR) is $1.16.

GBP/EUR’s yearly highs and lows, it’s 4.346% up from its 52-week low and 1.283% down from its 52-week high.

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  • Eur/usd price analysis: treads water around 1.0920 ahead of eurozone HICP data. According to FXStreet on Tuesday, 19 December, "The prevailing bullish sentiment, supported by the MACD, could empower the EUR/USD pair to surpass the current barrier and aim for a significant level at 1.1050.", "Should there be a decisive break below the latter, it might intensify bearish pressure on the EUR/USD pair, leading to a potential move towards the psychological area surrounding the 38.2% Fibonacci retracement at 1.0801."
  • Eur/usd forex signal: bearish outlook as the double-bottom pattern forms – 18 December 2023. According to DailyForex on Monday, 18 December, "The EUR/USD price continued its freefall on Monday morning as investors assessed the implications of last week’s European Central Bank (ECB) and Federal Reserve decisions. ", "The EUR/USD pair had an eventful week as the ECB and Federal Reserve delivered their interest rate decisions. "
  • Eur/usd clings to mild gains around 1.0900, focus on German IFO data. According to FXStreet on Monday, 18 December, "This, in turn, exerts some selling pressure on the Euro (EUR) and acts as a headwind to the EUR/USD pair. "
  • Eur/usd analysis: euro gives up its gains – 18 December 2023. According to DailyForex on Monday, 18 December, "Therefore, we expect the EUR/USD price to remain in its current path until the end of trading in 2023. ", "Recently, the euro price against the EUR/USD and other currencies increased last Thursday after the European Central Bank issued relatively optimistic expectations to the economy, saying that these justify the stay of interest rates unchanged in the foreseeable future. "
  • Eur/usd signal: towards the sky – 18 December 2023. According to DailyForex on Monday, 18 December, "Potential signal: The EUR/USD pair is watching the 1.10 region as a major barrier. ", "Potential signal: The EUR/USD pair is watching the 1.10 region as a major barrier. "

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