(VIANEWS) – EUR/GBP (EURGBP) is currently on bearish momentum. At 04:09 EST on Tuesday, 17 May, EUR/GBP (EURGBP) is at 0.8418, 0.5858% down since the last session’s close.

EUR/GBP (EURGBP) Range

Regarding EUR/GBP’s daily highs and lows, it’s 0.485% down from its trailing 24 hours low of $0.85 and 0.637% down from its trailing 24 hours high of $0.85.

EUR/GBP’s yearly highs and lows, it’s 2.608% up from its 52-week low and 2.907% down from its 52-week high.

Volatility

EUR/GBP’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.21%, a positive 0.12%, and a positive 0.35%, respectively.

EUR/GBP’s highest amplitude of average volatility was 0.37% (last week), 0.36% (last month), and 0.35% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/GBP’s Forex is considered to be overbought (>=80).

News about EUR/USD

  • According to FXStreet on Monday, 16 May, "Despite these hawkish comments, the EUR/USD pair continues to trade in a relatively tight range near 1.0400 in the early European session."
  • According to FXStreet on Monday, 16 May, "The EUR/USD pair edged slightly lower from the session highs on this report and was last seen trading at 1.0420, where it was up 0.1% on a daily basis."
  • Eur/usd fades bounce off five-year low around 1.0400, EC growth forecasts eyed. According to FXStreet on Monday, 16 May, "However, the latest headlines suggest Germany’s firmer view of banning oil imports from Russia, as well as worsening military actions in Donbas, weigh on the risk appetite and the EUR/USD prices.", "Furthermore, the ECB policymakers’ July rate hike chatters also underpinned the Euro strength and helped EUR/USD to rebound from the multi-month low."
  • Eur/usd forex signal: euro heads to a 20-year low – 16 May 2022. According to DailyForex on Monday, 16 May, "The EUR/USD made a major bearish breakout last week as investors focused on the weakening of the European economy and the overall bullish US dollar. ", "This week, Eurostat will publish a number of important economic numbers that will have an impact on the EUR/USD pair. "
  • Eur/usd: clear break of the 2017 low at 1.0341 to make parity a realistic target – rabobank. According to FXStreet on Monday, 16 May, "Economists at Rabobank see risk of EUR/USD at 1.03 on a one-month and three-month view. ", "We recently revised higher our forecast for the USD across the board and lowered our one and three-month targets for EUR/USD to 1.03."

More news about EUR/GBP (EURGBP).

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