(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.88% for the last 21 sessions. At 21:06 EST on Tuesday, 11 June, GBP/EUR (GBPEUR) is $1.19.
GBP/EUR’s yearly highs and lows, it’s 3.945% up from its 52-week low and 0.042% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.22%, 0.09%, and 0.15%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.30% (last week), 0.14% (last month), and 0.15% (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
- Eur/usd struggles near three-week low, seems vulnerable below 100-day sma/1.0800. According to FXStreet on Monday, 10 June, "This, along with the cautious mood around the equity markets, is seen underpinning the safe-haven US Dollar (USD) and turning out to be a key factor exerting some downward pressure on the EUR/USD pair.", "This, in turn, suggests that the path of least resistance for the EUR/USD pair is to the downside, though traders might refrain from placing aggressive directional bets ahead of the crucial FOMC policy decision on Wednesday. "
- According to FXStreet on Monday, 10 June, "Renewed uncertainty over the political scenario in France undermines the Euro, dragging EUR/USD 0.26% lower on the day to trade near 1.0770."
- According to FXStreet on Monday, 10 June, "The Euro fails to find any impetus from the ECB official’s comments, keeping EUR/USD 0.38% lower on the day at 1.0758 due to renewed Euro area political tensions."
- Eur/usd looks for balance after off-kilter wobble, US CPI and fed projections loom ahead. According to FXStreet on Monday, 10 June, "A two-day backslide has dragged EUR/USD back below the 200-day Exponential Moving Average (EMA) at 1.0806, and near-term corrections will run aground of descending trendlines from 2024’s peak bids near 1.1140."
- Eur/usd price analysis: not out of the woods yet, 100/200-day smas breakdown in play. According to FXStreet on Tuesday, 11 June, "This, in turn, favors bearish traders and validates the near-term negative outlook for the EUR/USD pair.", "Some follow-through selling will be seen as a fresh trigger for bearish traders and drag the EUR/USD pair to the next relevant support near the 1.0650-1.0640 region. "
More news about GBP/EUR (GBPEUR).
