(VIANEWS) – GBP/EUR (GBPEUR) is currently on bearish momentum. At 12:09 EST on Friday, 3 December, GBP/EUR (GBPEUR) is at 1.1702, 0.5448% down since the last session’s close.
GBP/EUR (GBPEUR) Range
About GBP/EUR’s daily highs and lows, it’s 0.179% down from its trailing 24 hours low of $1.17 and 0.595% down from its trailing 24 hours high of $1.18.
GBP/EUR’s yearly highs and lows, it’s 8.012% up from its 52-week low and 1.919% down from its 52-week high.
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.32%, a negative 0.02%, and a positive 0.26%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.32% (last week), 0.30% (last month), and 0.26% (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 overbought (>=80).
News about EUR/USD
- Eur/usd faces minor resistance around 1.1374/88 – commerzbank. According to FXStreet on Tuesday, 30 November, "Last week EUR/USD bounced off the October and December 2019 highs at 1.1240/1.1180 as expected above which it is to remain over the next few days. "
- Eur/usd price analysis: interim hurdle comes at 1.1374/89. According to FXStreet on Tuesday, 30 November, "The probability of further losses remains unchanged as long as EUR/USD trades below the 2-month resistance line (off September’s peak) near 1.1560. "
- Eur/usd plummets down to 1.1270s on fed’s Jerome Powell “time to retire transitory” from inflation. According to FXStreet on Tuesday, 30 November, "Meanwhile, EUR/USD bears, on the other side, are battling the 100-hour SMA at 1.1261, at the confluence of the S1 daily pivot.", "The EUR/USD plummeted during the New York session, on Federal Reserve Chairman Jerome Powell, remarks against the Senate Committee on Banking and Housing."
- Eur/usd bears moving in as USD firms. According to FXStreet on Wednesday, 1 December, "At the time of writing, EUR/USD is trading at 1.1321 and has dropped from a high of 1.1342 to a low of 1.1318 so far."
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