(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.37% for the last 5 sessions. At 04:09 EST on Tuesday, 14 March, GBP/EUR (GBPEUR) is $1.14.
GBP/EUR’s yearly highs and lows, it’s 5.105% up from its 52-week low and 6.214% 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 oversold (<=20).
News about
- Eur/usd price analysis: bulls attack 200-sma as ECB week begins with risk-on mood. According to FXStreet on Monday, 13 March, "In a case where the EUR/USD pair remains bearish past 1.0585, the odds of witnessing a fresh monthly low, currently around 1.0525, can’t be ruled out.", "On the flip side, EUR/USD pullback remains elusive unless the quote stays beyond the 100-SMA support of 1.0620. "
- Eur/usd extends the sharp bounce past 1.0700. According to FXStreet on Monday, 13 March, "The optimism around the European currency remains well in place at the beginning of the week and lifts EUR/USD back above the 1.0700 hurdle, or new 4-week tops."
- Eur/usd set to extend its race higher toward the 1.0780/1.0800 area – ING. According to FXStreet on Monday, 13 March, "Unless there is a massive rally in US banking stocks today which suggested that US authorities had been incredibly successful in putting the genie of US banking sector risk back in the bottle, we would say EUR/USD is biased to the 1.0780/1.0800 area."
- Eur/usd price analysis: bulls flirt with 1.0730 resistance confluence. According to FXStreet on Monday, 13 March, "On the flip side, the EUR/USD pair’s daily closing beyond the 1.0730 resistance confluence could quickly direct buyers towards a three-month-old resistance line, near 1.0820 at the latest.", "The MACD prints the strongest bullish signal since early January and joins the aforementioned catalysts to keep EUR/USD buyers hopeful."
- Eur/usd bulls cheer svb-led risk-on mood, easing hawkish fed bets to cross 1.0700, US inflation, ECB eyed. According to FXStreet on Monday, 13 March, "That said, the ECB is likely to announce a 0.50% rate hike and can join the latest risk-on mood to propel the EUR/USD price. ", "The EUR/USD pair’s higher highs on price fail to gain support from the Relative Strength Index (RSI) 14 as it forms a lower high, which in turn suggests a lack of enough bullish momentum to cross the immediate key hurdle, namely the 200-SMA level surrounding 1.0710."
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