(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.11% for the last 10 sessions. At 09:12 EST on Tuesday, 25 July, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.435% up from its 52-week low and 3.103% down from its 52-week high.
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- Eur/usd: weekly forecast 23rd July – 29th July – 23 July 2023. According to DailyForex on Sunday, 23 July, "However, after reaching this apex long-term high early last week, the EUR/USD also mirrored broad Forex conditions and started to produce a rather fast sell-off which escalated as the weekend approached. ", "This perception could continue to lead to incremental buying of the EUR/USD over the mid-term. "
- Eur/usd correction May only extend to the 1.1050 area – ING. According to FXStreet on Monday, 24 July, "Given what could be a mildly hawkish Fed event risk on Wednesday and the prospect of the ECB less than wholeheartedly backing the idea of a follow-up September rate hike, we see some downside risks to EUR/USD this week.", "As a result, we think this EUR/USD correction may only extend to the 1.1050 area."
- Eur/usd price analysis: edges higher past 1.1100-1090 support zone ahead of eurozone, US PMI. According to FXStreet on Monday, 24 July, "However, a downward-sloping resistance line from the latest multi-month peak marked on July 18, around 1.1180 at the latest, restricts the immediate upside of the EUR/USD pair. ", "On the flip side, a clear break of the 1.1090 support could quickly drag the EUR/USD price toward another horizontal support area comprising levels marked since late June, around 1.1010-1000 at the latest."
- Eur/usd: signs of US disinflation to lift the pair toward 1.15 – ING. According to FXStreet on Monday, 24 July, "Strong signs of US disinflation and bullish steepening of the US yield curve should be a EUR/USD positive. "
- Eur/usd steadies above 1.1100 after three-day losing streak, eu/us PMI data, ecb, fed eyed. According to FXStreet on Sunday, 23 July, "A daily closing below the 17-month-old previous support line, around 1.1140 by the press time, directs EUR/USD bears toward April’s peak of 1.1095.", "To sum up, EUR/USD will witness a heavily volatile week as top-tier data/events are up for fueling market volatility. "
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