(VIANEWS) – GBP/EUR (GBPEUR) is currently on bearish momentum. At 17:06 EST on Thursday, 15 September, GBP/EUR (GBPEUR) is at 1.1464, 0.833% down since the last session’s close.
GBP/EUR (GBPEUR) Range
Regarding GBP/EUR’s daily highs and lows, it’s 0.796% down from its trailing 24 hours low of $1.16 and 0.873% down from its trailing 24 hours high of $1.16.
GBP/EUR’s yearly highs and lows, it’s 0.009% up from its 52-week low and 5.94% 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 oversold (<=20).
News about EUR/USD
- Eur/usd price analysis: bulls concentrate on 11-week-old resistance near 1.0190. According to FXStreet on Tuesday, 13 September, "However, a clear upside break of the aforementioned resistance line, around 1.0190, becomes necessary for the EUR/USD bulls to keep reins. ", "Alternatively, a downside break of the weekly support line, close to 1.0120 by the press time, needs validation from the 200-SMA level near 1.0095 to recall the EUR/USD bears."
- Eur/usd: A break above 1.0200 is possible at this stage – ING. According to FXStreet on Tuesday, 13 September, "Another potential good day for risk assets if US CPI moves lower may keep EUR/USD bid for now: a break above 1.0200 is possible at this stage, but a return to the 1.0000 level parity remains our base-case scenario into year-end for EUR/USD."
- Eur/usd forex signal: break and retest points to more upside to 1.0300 – 13 September 2022. According to DailyForex on Tuesday, 13 September, "The EUR/USD moved sideways in the morning session as the market focused on the upcoming inflation data from the United States and some European markets. ", "The EUR/USD pair has been in a strong bullish trend in the past few days as investors reflect on last week’s interest rate decision by the European Central Bank (ECB). "
- Eur/usd price analysis: Marches towards 1.0200 inside falling wedge. According to FXStreet on Tuesday, 13 September, "It should, however, be noted that the clear upside break of the 1.0200 threshold becomes important for the EUR/USD bulls as it will confirm the theoretical transition towards the 1.0950 hurdle.", "Meanwhile, pullback moves may initially aim for the 50-DMA support near 1.0115, a break of which could direct EUR/USD bears towards a one-week-old support line, close to 1.0085 by the press time."
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