(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."
More news about GBP/EUR (GBPEUR).
