(VIANEWS) – GBP/EUR (GBPEUR) is currently on bearish momentum. At 09:08 EST on Tuesday, 9 November, GBP/EUR (GBPEUR) is at 1.1689, 1.69% down since the last session’s close.

GBP/EUR (GBPEUR) Range

Regarding GBP/EUR’s daily highs and lows, it’s 0.464% up from its trailing 14 days low of $1.16 and 1.541% down from its trailing 14 days high of $1.19.

GBP/EUR’s yearly highs and lows, it’s 7.892% up from its 52-week low and 1.773% 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 price analysis: 10-dma probes recovery moves. According to FXStreet on Tuesday, 9 November, "Even if the EUR/USD bulls manage to cross the 1.1650 trend line hurdle, the last month’s high near 1.1695 and the 1.1700 threshold will challenge the further advances.", "To sum up, EUR/USD is likely to remain in the recovery mode but the bulls remain cautious below 1.1700."
  • Eur/usd steady approaches 1.1600 amid overall US dollar weakness. According to FXStreet on Monday, 8 November, "The EUR/USD advances for the second day in a row, beginning the week in the right foot, up 0.18%, trading at 1.1587 during the day at the time of writing. "
  • Eur/usd technical analysis: bearish control still in place – 08 November 2021. According to DailyForex on Monday, 8 November, "What slightly halted the pace of losses for the EUR/USD pair was Federal Reserve Chairman Jerome Powell saying that officials can be patient about raising interest rates – after announcing they will start reducing their bond purchases – but will not hesitate to take action if inflation demands it. ", "The general trend of the EUR/USD pair will remain bearish as long as it is stable below the 1.1600 support. "
  • Eur/usd resigned to pressure. According to Benzinga on Monday, 8 November, "On H4, EUR/USD performed a wave of decline to 1.1514 and a correction to 1.1560. ", "On H1, EUR/USD bounces off 1.1615 and performed another link of a declining wave to 1.1514. "

More news about GBP/EUR (GBPEUR).

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