(VIANEWS) - GBP/EUR (GBPEUR) has been up by 2.14% for the last 10 sessions. At 16:15 EST on Monday, 30 October, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR's yearly highs and lows, it's 2.945% up from its 52-week low and 2.608% down from its 52-week high.
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: the lower end is the side more vulnerable – commerzbank. According to FXStreet on Monday, 30 October, "Antje Praefcke, FX Analyst at Commerzbank, analyzes EUR/USD outlook ahead of the Interest Rate Decision.", "If I had to decide in favour of one side or the other, I would choose the lower end in EUR/USD as being the more vulnerable, above all if the US labour market report due on Friday once again illustrates the resilience of the US economy. "
- Eur/usd price analysis: seems vulnerable near mid-1.0500s, bearish flag pattern spotted. According to FXStreet on Monday, 30 October, "This, in turn, is seen acting as a tailwind for the US Dollar (USD), which, along with the European Central Bank's (ECB) dovish outlook, continues to cap the upside for the EUR/USD pair.", "Against the backdrop of a sharp fall from a 17-month peak touched in June, this constitutes the formation of a bearish flag pattern and suggests that the path of least resistance for the EUR/USD pair is to the downside."
- Eur/usd: weekly forecast 29th October - 4th November - 29 October 2023. According to DailyForex on Sunday, 29 October, "Going into the weekend the EUR/USD was flirting with the lower realms of its one-month technical charts. ", "A high for the EUR/USD was made on early Tuesday of last week, when the currency pair touched the 1.06945 vicinities momentarily. "
- Eur/usd: 1.0500-1.0600 could well be the range this week – ING. According to FXStreet on Monday, 30 October, "It is going to require some soft US data to turn this EUR/USD bearish trend around."
- According to FXStreet on Monday, 30 October, "The Euro (EUR) appears vulnerable against the US Dollar (USD), prompting EUR/USD to trade within a tight scope around the mid-1.0500s early in the European morning on Monday.", "In case sellers push harder, EUR/USD could revisit the weekly low of 1.0495 (October 13), ahead of the lowest level in 2023 at 1.0448 (October 15), and the round number of 1.0400."
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