(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.51% for the last 21 sessions. At 15:06 EST on Friday, 6 September, GBP/EUR (GBPEUR) is $1.18.
GBP/EUR’s yearly highs and lows, it’s 3.822% up from its 52-week low and 0.704% 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 negative 0.06%, a positive 0.05%, and a positive 0.20%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.08% (last week), 0.21% (last month), and 0.20% (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 overbought (>=80).
News about
- Eur/usd falls toward 1.1050 as US dollar holds ground ahead of ISM services PMI. According to FXStreet on Thursday, 5 September, "The downside of the EUR/USD pair could be attributed to improved US Dollar (USD) amid rising US Treasury yields."
- According to FXStreet on Friday, 6 September, "Ultimately though, the euro will react to facts more than expectations on the alarming French fiscal situation, and we are not ready to pencil it in as a EUR/USD bullish factor before more clarity on budget negotiations - and each party’spriorities - emerges.", "In line with our scenario analysis discussed above, the range of potential swings in EUR/USD is wide today. "
- Eur/usd catches a bullish break, but still trapped below 1.11. According to FXStreet on Wednesday, 4 September, "Despite holding deep in the bull country, EUR/USD still faces a steepening bearish pullback as shorts congregate targets just above the 50-day EMA at 1.0956."
- According to FXStreet on Friday, 6 September, "The US Dollar (USD) has resumed its downward momentum against its major rivals, sending the EUR/USD pair back toward the 1.1100 threshold. ", "If the headline NFP figure surprises with payroll growth below 100,000, it could bolster the odds of a big cut in September, exacerbating the US Dollar’s pain while pushing EUR/USD further north. "
- Eur/usd price forecast: two-day uptrend pauses near 50% fibo., looks to US NFP for fresh impetus. According to FXStreet on Friday, 6 September, "Some follow-through buying will confirm a fresh breakout and lift the EUR/USD pair further towards the 1.1240-1.1245 intermediate barrier en route to the July 2023 swing high, around the 1.1275 region.", "This, in turn, validates the positive outlook and suggests that the path of least resistance for the EUR/USD pair is to the upside. "
More news about GBP/EUR (GBPEUR).
