(VIANEWS) – GBP/EUR (GBPEUR) is currently on bullish momentum. At 17:08 EST on Sunday, 2 October, GBP/EUR (GBPEUR) is at 1.1398, 1.97% up since the last session’s close.

GBP/EUR (GBPEUR) Range

About GBP/EUR’s daily highs and lows, it’s 2.666% up from its trailing 7 days low of $1.11 and 0.211% up from its trailing 7 days high of $1.14.

GBP/EUR’s yearly highs and lows, it’s 5.41% up from its 52-week low and 6.482% down from its 52-week high.

Volatility

GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.21%, a negative 0.16%, and a positive 0.35%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.86% (last week), 0.46% (last month), and 0.35% (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: quarter-end flows could help the euro end the week on a firm footing. According to FXStreet on Friday, 30 September, "Profit-taking on the last trading day of the third quarter could also help EUR/USD preserve its bullish momentum."
  • Eur/usd to target 0.95 by year-end, gbp/usd to move towards parity – bofa. According to FXStreet on Friday, 30 September, "The EUR/USD and GBP/USD are now forecast at 0.95 and 1.00 by year-end, respectively.", "We adjust our G10 FX forecasts, led by shifting lower our EUR/USD profile with a 0.95 target for the end of the year."
  • Eur/usd: energy crisis and expected recession to drag the pair down to 0.95 by year-end – commerzbank. According to FXStreet on Friday, 30 September, "The downside risks in EUR/USD have risen as a result of the energy crisis and the expected recession. ", "We continue to expect a recovery in EUR/USD next year but from a lower level. "
  • Eur/usd: recovery seen over the past days unlikely to be sustainable – commerzbank. According to FXStreet on Friday, 30 September, "The recovery in EUR/USD seen over the past days is unlikely to be sustainable. "
  • Eur/usd eyes consecutive fourth monthly loss as options market holds bearish bias. According to FXStreet on Friday, 30 September, "Furthermore, the monthly and quarterly RR numbers are also in favor of the EUR/USD sellers while registering -0.370 and -0.170 levels, per Reuters.", "Given the broadly bearish bias of the options market, the EUR/USD prices are likely to fade from the recent corrective bounce off the 20-year low."

More news about GBP/EUR (GBPEUR).

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