GBP/EUR (GBPEUR) is currently on bearish momentum. At 07:06 EST on Wednesday, 21 July, GBP/EUR (GBPEUR) is at 1.1565, 1.57% down since the last session’s close.
GBP/EUR (GBPEUR) Range
Regarding GBP/EUR’s daily highs and lows, it’s 0.277% up from its trailing 7 days low of $1.15 and 1.247% down from its trailing 7 days high of $1.17.
GBP/EUR’s yearly highs and lows, it’s 7.471% up from its 52-week low and 2.016% 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 overbought (>=80).
News about EUR/USD
Eur/usd forecast: euro continues to look relatively negative – 19 July 2021. According to DailyForex on Monday, 19 July, "If we can break above the 93 handle in the US Dollar Index, it is very likely that the EUR/USD pair will start falling as well."
Eur/usd: year-end target remains at 1.17 – rabobank. According to FXStreet on Monday, 19 July, "According to analysts from Rabobank, there are notenough reasons the change their year-end target of the EUR/USD pair of 1.17. ", "While we have been anticipating a stronger USD this summer, with US real yields having retracing the move triggered after the June FOMC meeting, we don’t yet see sufficient reason to alter our EUR/USD 1.17 target. "
Eur/usd sellers flirt with 1.1800 as risk aversion backs USD bulls. According to FXStreet on Monday, 19 July, "It’s worth noting that the gradually firming up US-China tussles also drown the EUR/USD prices. ", "Although a sustained trading below 200-DMA, around 1.2000, keeps EUR/USD sellers hopeful, the monthly low near 1.1770 and a one-month-old descending support line around 1.1700 challenge the pair’s further downside."
More news about GBP/EUR (GBPEUR).