(VIANEWS) - GBP/EUR (GBPEUR) has been up by 2.03% for the last 10 sessions. At 09:08 EST on Wednesday, 28 August, GBP/EUR (GBPEUR) is $1.19.
GBP/EUR's yearly highs and lows, it's 4.164% up from its 52-week low and 0.377% 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 positive 0.23%, a negative 0.01%, and a positive 0.19%, respectively.
GBP/EUR's highest amplitude of average volatility was 0.23% (last week), 0.27% (last month), and 0.19% (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
- According to FXStreet on Monday, 26 August, "The Greenback's mild rebound seems to have been enough to spark a corrective knee-jerk in EUR/USD to the 1.1150 zone at the beginning of the week. "
- Eur/usd rises to near 1.1200 due to dovish fed’s powell. According to FXStreet on Monday, 26 August, "This upside of the EUR/USD pair is attributed to the lower US Dollar (USD) following the dovish speech from the US Federal Reserve (Fed) Chairman Jerome Powell at the Jackson Hole Symposium on Friday.", "Additionally, Rabobank's Senior FX Strategist, Jane Foley, remarked on Friday that the EUR/USD pair is expected to trade at 1.1200 on a three-month horizon. "
- According to FXStreet on Tuesday, 27 August, "Technically, we think EUR/USD does resemble a coiled spring and that a move above 1.12 could trigger some strong follow-through buying as the speculative community sniffs out a new trend. ", "And after a strong rallysince early August, it looks like EUR/USD could be due some consolidation. "
- According to FXStreet on Wednesday, 28 August, "That could argue for EUR/USD above 1.12but the softer risk environment is favouring some profit-taking, and there may be some speculation that some rewidening in that rate differential is due.", "But we don't see the conditions for the recent EUR/USD rally to be substantially unwound. "
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