(VIANEWS) – GBP/EUR (GBPEUR) is currently on bullish momentum. At 04:12 EST on Tuesday, 17 May, GBP/EUR (GBPEUR) is at 1.1878, 0.6414% up since the last session’s close.
GBP/EUR (GBPEUR) Range
Regarding GBP/EUR’s daily highs and lows, it’s 0.661% up from its trailing 24 hours low of $1.18 and 0.533% up from its trailing 24 hours high of $1.18.
GBP/EUR’s yearly highs and lows, it’s 3.009% up from its 52-week low and 2.543% down from its 52-week high.
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.22%, a negative 0.12%, and a positive 0.34%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.37% (last week), 0.36% (last month), and 0.34% (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
- According to FXStreet on Monday, 16 May, "The EUR/USD pair edged slightly lower from the session highs on this report and was last seen trading at 1.0420, where it was up 0.1% on a daily basis."
- Eur/usd: the likelihood of eur/usd following eur/chf and usd/chf to parity is increasing – MUFG. According to FXStreet on Monday, 16 May, "The probability of EUR/USD touching parity has increased, in the view of economists at MUFG Bank.", "A more prolonged conflict and increasing risk of greater energy supply disruption for European economies are increasing the risk of EUR/USD following EUR/CHF and USD/CHF in hitting parity this year."
- Eur/usd set to reach parity in the coming months – danske bank. According to FXStreet on Monday, 16 May, "The key risk to shift EUR/USD towards 1.15 is seeing global inflation pressures fade and industrial production increase. ", "Economists at Danske Bank lower their current forecast on EUR/USD to 1.00 in 12M."
- Eur/usd forex signal: euro heads to a 20-year low – 16 May 2022. According to DailyForex on Monday, 16 May, "The EUR/USD made a major bearish breakout last week as investors focused on the weakening of the European economy and the overall bullish US dollar. ", "This week, Eurostat will publish a number of important economic numbers that will have an impact on the EUR/USD pair. "
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