(VIANEWS) – EUR/GBP (EURGBP) is currently on bearish momentum. At 09:11 EST on Monday, 3 January, EUR/GBP (EURGBP) is at 0.8413, 1.52% down since the last session’s close.

EUR/GBP (EURGBP) Range

About EUR/GBP’s daily highs and lows, it’s 0.036% down from its trailing 14 days low of $0.84 and 1.625% down from its trailing 14 days high of $0.86.

EUR/GBP’s yearly highs and lows, it’s 1.361% up from its 52-week low and 7.376% down from its 52-week high.

Last news about EUR/GBP (EURGBP)

  • Eur/gbp drops to the lowest level since February 2020, around 0.8370-65 area. According to FXStreet on Friday, 31 December, "With the latest leg down, the EUR/GBP cross has now dropped over 200 pips from the vicinity of the 0.8600 mark, or the monthly swing high, which coincided with a multi-month-old descending trend-line resistance. ", "Following an early uptick to the 0.8400 neighbourhood, the EUR/GBP cross met with a fresh supply on Friday and prolonged its recent bearish trend witnessed over the past four weeks or so. "

News about EUR/USD

  • Eur/usd stays pressured around 1.1350 on mixed signals, US dollar recovery. According to FXStreet on Monday, 3 January, "Among the major burdens weighing on the EUR/USD prices are the escalating fears concerning the South African covid variant, namely Omicron.", "Above all, the monetary policy divergence between the US Federal Reserve (Fed) and the European Central Bank (ECB) is the key to watch in the year 2022 as the Fed is likely running faster, than the ECB, towards the monetary policy tightening, which in turn could weigh on EUR/USD prices looking forward."
  • Eur/usd rebounds from 1.1300 mark, refreshes daily top amid thin trading volumes. According to FXStreet on Friday, 31 December, "That said, the mixed performance in the equity markets, along with the Fed’s hawkish outlook should act as a tailwind for the greenback and cap the EUR/USD pair.", "This, in turn, was seen as a key factor that assisted the EUR/USD pair to defend and attract fresh buying near the 1.1300 round-figure mark on Friday."
  • Eur/usd rebounds from 1.1300 area again, remains within recent ranges amid low year-end liquiditiy. According to FXStreet on Friday, 31 December, "On the final trading day of the year, a day marred by low liquidity/volumes given market closures across Europe and other parts of the world, EUR/USD has continued to find support at its 21-day moving average. ", "Looking at EUR/USD from a technical perspective; some technicians might argue that the pair has formed an ascending triangle in December, with gains capped in the upper 1.1300s, whilst the pair posted ever higher lows throughout the month. "

More news about EUR/GBP (EURGBP).

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