(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.85% for the last 21 sessions. At 15:08 EST on Sunday, 4 June, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.482% up from its 52-week low and 3.061% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.27%, 0.13%, and 0.25%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.27% (last week), 0.24% (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
- Eur/usd price analysis: euro bulls need validation from 100-day EMA and US NFP. According to FXStreet on Friday, 2 June, "That said, the Euro pair’s successful break of a one-month-old descending trend line joins the receding bearish bias of the MACD indicator to keep the EUR/USD bulls hopeful in crossing the immediate hurdle comprising the 100-day Exponential Moving Average (EMA) of near 1.0775.", "On the flip side, a convergence of the previous resistance line and the 200-day EMA, around 1.0690-85, restrict immediate declines of the EUR/USD pair ahead of the previously mentioned rising support line from October 2022, close to 1.0635 at the latest."
- Eur/usd could press the 1.0810/20 area if NFP does not come in too hot – ING. According to FXStreet on Friday, 2 June, "Economists at ING analyze EUR/USD outlook ahead of the US Nonfarm Payrolls report.", "Today’s US data will have a big say in determining whether this week’s EUR/USD low of 1.0635 was significant."
- Eur/usd: ECB monetary policy is not going to provide any further upside potential for the euro – commerzbank. According to FXStreet on Friday, 2 June, "Economists at Commerzbank discuss ECB policy outlook and its implications for the EUR/USD pair.", "A return to higher EUR/USD levels would have to be driven by a more cautious outlook for Fed interest rates."
- Eur/usd stumbles on solid US NFP data, traders bet for a July fed hike. According to FXStreet on Friday, 2 June, "At the time of writing, the EUR/USD is trading at 1.0715, printing losses of 0.43%.", "Since the data release, the EUR/USD pair lost 40 pips or 0.40% intraday, threatening to get toward the 1.0700 figure as the greenback limps its wounds. "
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