(VIANEWS) – GBP/EUR (GBPEUR) is currently on bullish momentum. At 11:10 EST on Monday, 17 January, GBP/EUR (GBPEUR) is at 1.1963, 1.59% up since the last session’s close.

GBP/EUR (GBPEUR) Range

Regarding GBP/EUR’s daily highs and lows, it’s 2.3% up from its trailing 30 days low of $1.17 and 0.391% down from its trailing 30 days high of $1.20.

GBP/EUR’s yearly highs and lows, it’s 6.765% up from its 52-week low and 0.391% down from its 52-week high.

Forex Price Classification

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

News about EUR/USD

  • Eur/usd stabilises above 1.1400 as market’s enter their typical pre-weekend lull, bears eye key 1.1380 support. According to FXStreet on Friday, 14 January, "Some EUR/USD bulls will be hoping that, after this week’s bullish breakout from the late-November/December ascending triangle, a retest of this key area of support might prove an excellent entry point to reload on longs and to target a move towards 1.1500.", "Some might argue that Friday’s fundamental developments (weaker than expected US December Retail Sales and January Consumer Sentiment figures) suggest a higher EUR/USD making sense. "
  • Eur/usd struggles to defend 1.1400 amid mixed concerns on US holiday. According to FXStreet on Monday, 17 January, "Alternatively, the 100-day EMA level of 1.1483 and the 1.1500 threshold guard the EUR/USD pair’s short-term rebound.", "As a result, the EUR/USD pair’s latest weakness is likely to extend towards a convergence of the 50-day EMA and the resistance-turned-support line from September 03, around 1.1380. "
  • Eur/usd: not looking on a move above 1.1500 – ING. According to FXStreet on Monday, 17 January, "We expect EUR/USD to slide back to 1.12/1.13 in the near term, but for next week, we’d already welcome a stabilisation below 1.1500 as a sign that the bullish push on the pair was temporary.", "Economists at ING think the balance of risks for the pair is still skewed to the downside, primarily on the back of ECB-Fed monetary policy divergence, and a move above 1.1500 in EUR/USD seems unwarranted."
  • Eur/usd forex signal: break and retest pattern to form – 17 January 2022. According to DailyForex on Monday, 17 January, "The EUR/USD pair retreated slightly on Friday after the US published relatively weak retail sales numbers. ", "The EUR/USD will have a relatively calm day today since the US markets will be closed for the Martin Luther King day. "
  • Eur/usd price analysis: drops towards 1.1380 support confluence. According to FXStreet on Monday, 17 January, "As a result, the EUR/USD pair’s latest weakness is likely to extend towards a convergence of the 50-day EMA and the resistance-turned-support line from September 03, around 1.1380. ", "Alternatively, the 100-day EMA level of 1.1483 and the 1.1500 threshold guard the EUR/USD pair’s short-term rebound."

More news about GBP/EUR (GBPEUR).

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