(VIANEWS) – GBP/EUR (GBPEUR) is currently on bearish momentum. At 22:08 EST on Monday, 8 August, GBP/EUR (GBPEUR) is at 1.1846, 0.99% down since the last session’s close.
GBP/EUR’s yearly highs and lows, it’s 3.332% up from its 52-week low and 2.806% 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 0.13%, a positive 0.02%, and a positive 0.33%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.26% (last week), 0.23% (last month), and 0.33% (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
- Weekly forex forecast – eur/usd, gbp/usd, aud/usd, usd/jpy – 07 August 2022. According to DailyForex on Sunday, 7 August, "The EUR/USD currency pair went back and forth last week as we continue to see a significant amount of noisy behavior between the 1.01 level, and the 1.03 level. "
- Eur/usd forex signal: pair to remain range-bound ahead of US cpis – 08 August 2022. According to DailyForex on Monday, 8 August, "The four-hour chart shows that the EUR/USD pair has remained between the important support and resistance levels at 1.0100 and 1.0296 in the past few weeks. ", "The EUR/USD pair made a strong bearish breakout as investors reflected on the latest US non-farm payroll data. "
- Eur/usd bull trap could be in the making, eyes on US CPI. According to FXStreet on Monday, 8 August, "”Although we would expect the EUR/USD 1.01 area to act as solid support going forward, we retain the view that EUR/USD is likely to drop back below parity again on a 1 to 3-month view. ", "Meanwhile, as per the EUR/USD prior analysis, the H1 M-formation pulled in the price and there was a follow-through beyond the neckline resistance which gave way to a stronger correction into the 78.6% Fibonacci retracement level as follows:"
- Eur/usd price analysis: declines to familiar levels above the 20-dma. According to FXStreet on Saturday, 6 August, "The EUR/USD slumps late as Wall Street close looms, down by 0.62%, battered by an upbeat US employment report that bolstered the greenback while increasing the odds of another "jumbo" rate hike by the Fed in the September meeting. ", "Although the US Nonfarm payrolls report underpinned the greenback, the EUR/USD stood tall and bounced off the daily low of 1.0141, reclaiming the 20-day EMA. "
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