(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.69% for the last 21 sessions. At 22:12 EST on Monday, 15 May, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 6.492% up from its 52-week low and 3.954% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.08%, 0.14%, and 0.27%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.27% (last week), 0.26% (last month), and 0.27% (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: break below 1.0800/1.00730 to hasten a retracement toward 1.05 – socgen. According to FXStreet on Monday, 15 May, "Economists at Société Générale expect EUR/USD to plummet toward 1.05 on a break under 1.0800/1.0730.", "The realignment of EUR/USD with bond spreads has run its course and hedge funds maintain their long position last week at 22.5% of OI, so the profit-taking looks tactical and does not suggest a more fundamental shift is afoot."
- Eur/usd price analysis: euro bears poised to meet 100-dma around 1.0800. According to FXStreet on Monday, 15 May, "Following that, the 1.0950 and the 1.1000 round figure can entertain the EUR/USD bulls before directing them to an upward-sloping resistance line from February 2023, close to 1.1110 by the press time.", "On the flip side, the support-turned-resistance line and the 50-DMA, around 1.0865-75 by the press time, guard immediate recovery of the EUR/USD pair."
- Eur/usd forex signal: sell-off has room to run before rebounding – 15 May 2023. According to DailyForex on Monday, 15 May, "The EUR/USD exchange rate continued its bearish trend, helped by the strong US dollar. ", "The key EUR/USD news on Monday will be the upcoming EU economic forecasts report by the European Commission. "
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