(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.07% for the last 10 sessions. At 15:11 EST on Sunday, 30 October, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.731% up from its 52-week low and 4.422% down from its 52-week high.
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.08%, 0.09%, and 0.41%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.37% (last week), 0.52% (last month), and 0.41% (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).
- Eur/usd: bears remain in control around 0.9940 ahead of key data. According to FXStreet on Friday, 28 October, "The selling bias persists around the European currency and drags EUR/USD back to the 0.9940/35 band at the end of the week."
- Eur/usd and eur/chf to decline by a similar level – HSBC. According to FXStreet on Friday, 28 October, "Thus, the direction of the EUR/USD pair will determine the next EUR/CHF move, economists at HSBC report.", "We expect both EUR/USD and EUR/CHF to decline by a similar level, so this means USD/CHF could move sideways in the coming weeks."
- Eur/usd to decline towards the low-0.90s – danske bank. According to FXStreet on Friday, 28 October, "The ECB’s hike of 75 bps and its public acknowledgment of the stagflationary risks (risks to the downside for growth and to the upside for CPI), the market is likely to maintain a negative view about EUR/USD spot."
- Eur/usd price analysis: pullback remains elusive beyond golden ratio around 0.9950. According to FXStreet on Friday, 28 October, "However, the 200-SMA level surrounding 0.9830 could challenge the EUR/USD bears afterward.", "Even so, the monthly high near 1.0095 and the 1.0100 threshold could test the EUR/USD bulls before directing them to the previous monthly peak of 1.0198."
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