(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.52% for the last 21 sessions. At 02:06 EST on Wednesday, 14 June, GBP/EUR (GBPEUR) is $1.17.
GBP/EUR’s yearly highs and lows, it’s 8.138% up from its 52-week low and 2.469% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.03%, 0.07%, and 0.24%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.35% (last week), 0.22% (last month), and 0.24% (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 overbought (>=80).
News about
- Eur/usd technical analysis: fateful trading week – 12 June 2023. According to DailyForex on Monday, 12 June, "By the end of last week’s trading, the bulls succeeded in pushing the EUR/USD currency pair, with gains, towards the 1.0788 resistance level, before closing trading around 1.0749. ", "Euro predictions against the dollar today:Despite the recent rebound attempts, the general trend of the EUR/USD currency pair is still bearish."
- Eur/usd could see a retest of last week's low at 1.0635 – ING. According to FXStreet on Monday, 12 June, "That happens to be our baseline view and one of the reasons we think EUR/USD will find a base in the 1.05/1.07 area this month before pushing to 1.15+ by year-end.", "It seems too early for the ECB to drop its inflation guard, but a hawkish Fed story could be dominating and EUR/USD could see a retest of last week’s low at 1.0635."
- Eur/usd flat-lines around mid-1.0700s, traders await US CPI and FOMC decision this week. According to FXStreet on Monday, 12 June, "This, along with rising bets for additional rate hikes by the European Central Bank (ECB), continues to lend support to the EUR/USD pair.", "The key data/event will provide more cues on the Federal Reserve’s near-term policy outlook, which, in turn, will determine the next leg of a directional move for the US Dollar (USD) and provide some meaningful impetus to the EUR/USD pair."
- Eur/usd forex signal: bullish divergence pattern forms – 12 June 2023. According to DailyForex on Monday, 12 June, "The EUR/USD pair was muted last week because the calendar had no major data and Federal Reserve speakers. ", "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:’ReviewsNonPartner’,id:’horizontal-top-5′,size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});Bullish viewBuy the EUR/USD pair and set a take-profit at 1.0850."
- Eur/usd price analysis: rising wedge lures euro bears as fed, ECB decisions loom, 1.0720 eyed. According to FXStreet on Monday, 12 June, "However, a convergence of the 50-SMA and the aforementioned rising wedge’s bottom line, close to 1.0720, appears a tough nut to crack for the EUR/USD bears to crack.", "Alternatively, EUR/USD recovery needs to defy the rising wedge bearish chart pattern by crossing the 1.0790 hurdle, quickly followed by the 1.0800 psychological resistance, to convince the Euro buyers."
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