(VIANEWS) – GBP/EUR (GBPEUR) is currently on bearish momentum. At 04:23 EST on Monday, 26 September, GBP/EUR (GBPEUR) is at 1.1085, 0.9313% down since the last session’s close.
GBP/EUR (GBPEUR) Range
Regarding GBP/EUR’s daily highs and lows, it’s 0.538% down from its trailing 24 hours low of $1.11 and 1.044% down from its trailing 24 hours high of $1.12.
GBP/EUR’s yearly highs and lows, it’s 2.506% up from its 52-week low and 9.05% 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 0.08%, a negative 0.17%, and a positive 0.30%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.30% (last week), 0.39% (last month), and 0.30% (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
- According to FXStreet on Sunday, 25 September, "The polls fail to impress EUR/USD bulls as it remains pressured at 20-year low around 0.9675 by the press time."
- Eur/usd dribbles at 20-year low around 0.9700, ECB vs. fed, Italy’s election results eyed. According to FXStreet on Sunday, 25 September, "It should be noted that Russia’s warning of using nuclear weapons if needed to battle with the West and the G7 efforts to muster courage against Moscow also weighed on the risk appetite and drowned the EUR/USD prices. ", "Be it strong US PMIs or the downbeat activity numbers from the bloc, not forget Russia’s fierce warning to the West and the Group of Seven (G7) leaders’ readiness to counter Moscow with sanctions, everything led to the EUR/USD pair’s weakness the previous week. "
- Eur/usd price analysis: bears retain control at two-decade low. According to FXStreet on Monday, 26 September, "However, the EUR/USD bulls will have to cross the upper line of the bearish channel from March, around 1.0015 by the press time, to convince the buyers to take entry.", "Overall, EUR/USD bears keep the reins but the corrective pullback towards 0.9830 can’t be ruled out."
- Eur/usd retreats towards 0.9600 as russia-linked risk-aversion, hawkish fedspeak propels DXY. According to FXStreet on Monday, 26 September, "Six-month-old bearish channel and sustained trading below the previous key support line from July, now resistance around 0.9830, keep the EUR/USD sellers hopeful.", "In addition to the risk-aversion, the downbeat activity numbers from the bloc, versus upbeat US statistics, also weigh on the EUR/USD prices."
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