(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.62% for the last 10 sessions. At 15:10 EST on Tuesday, 29 November, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.01% up from its 52-week low and 5.062% down from its 52-week high.
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.18%, 0.01%, and 0.48%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.26% (last week), 0.46% (last month), and 0.48% (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
- Eur/usd price analysis: eyes further downside towards 1.0300. According to FXStreet on Monday, 28 November, "Following that, the previous weekly low and tops marked in September, respectively around 1.0225 and 1.0200, could lure the EUR/USD sellers.", "Alternatively, recovery needs to stay beyond the support-turned-resistance, around 1.0410, to lure the short-term EUR/USD buyers. "
- Eur/usd to reach 1.15 by late 2023 – deutsche bank. According to FXStreet on Monday, 28 November, "Economists at Deutsche Bank see the S&P 500 at 4500 in the first half of next year while EUR/USD is likely to hit 1.15 by late 2023.", "Finally in FX, we see a reversal in the Dollar’s upswing, with EUR/USD strongly moving back above 1.10, likely reaching 1.15 by late 2023."
- Eur/usd price analysis: bounces off 50-sma but stays bearish below 1.0440 hurdle. According to FXStreet on Monday, 28 November, "However, bearish MACD signals and a clear downside break of the two-week-old ascending trend line, close to 1.0400 at the latest, keeps the EUR/USD pair sellers hopeful. "
- Eur/usd retreats towards 1.0350 amid risk aversion ahead of EU inflation, fed’s powell. According to FXStreet on Monday, 28 November, "Additionally, weighing on the EUR/USD prices could be the looming concerns over the bloc’s push for a price cap on Russian energy exports. ", "A horizontal area comprising multiple levels marked since May 12, between 1.0375 and 1.0355, appears a tough nut to crack for the EUR/USD bears."
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