(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.75% for the last 21 sessions. At 02:08 EST on Monday, 18 December, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 4.508% up from its 52-week low and 1.13% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.15%, a positive 0.05%, and a positive 0.20%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.15% (last week), 0.19% (last month), and 0.20% (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 gathers strength near 1.1000 ahead of the eurozone US PMI data. According to FXStreet on Friday, 15 December, "The EUR/USD pair gains momentum near the 1.1000 mark during the early Asian session on Friday. ", "In response to the ECB’s decision, the Euro (EUR) attracted some buyers and lifted the EUR/USD pair. "
- According to FXStreet on Friday, 15 December, "The EUR/USD pair showed no immediate reaction to these comments and was last seen trading flat on the day at around 1.0990."
- Eur/usd: price target raised to 1.15 – commerbank. According to FXStreet on Friday, 15 December, "As a result, our previous price target for EUR/USD (1.12) looks more likely and even slightly under-ambitious. "
- Eur/usd price analysis: bulls await a move beyond 1.1015 before placing fresh bets. According to FXStreet on Friday, 15 December, "Moreover, oscillators on the daily chart are holding comfortably in the positive territory and validate the near-term constructive outlook for the EUR/USD pair.", "In contrast, the Federal Reserve (Fed) indicated that rate cuts are likely next year and drag the US Dollar (USD) to over a four-month low during the Asian session, which, in turn, is seen acting as a tailwind for the EUR/USD pair."
- Eur/usd tumbles below 1.0900 as data trumps ECB hawkishness. According to FXStreet on Friday, 15 December, "The EUR/USD tumbled sharply late in the New York session after hitting a ten-day high of 1.1009, but better than expected data from the United States (US), coupled with weaker than expected business activity report from the Eurozone (EU) was the perfect storm for the bears. ", "Although Powell failed to push back against speculations on rate cuts, it exacerbated the EUR/USD rally past the 1.1000 mark."
More news about GBP/EUR (GBPEUR).
