(VIANEWS) – GBP/EUR (GBPEUR) is currently on bullish momentum. At 06:07 EST on Tuesday, 3 August, GBP/EUR (GBPEUR) is at 1.1706, 1.24% up since the last session’s close.
GBP/EUR (GBPEUR) Range
Regarding GBP/EUR’s daily highs and lows, it’s 1.263% up from its trailing 14 days low of $1.16 and 0.485% down from its trailing 14 days high of $1.18.
GBP/EUR’s yearly highs and lows, it’s 8.782% up from its 52-week low and 0.822% down from its 52-week high.
GBP/EUR’s last week, last month’s, and last quarter’s current volatility was a positive 0.24%, a negative 0.01%, and a positive 0.28%, respectively.
GBP/EUR’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.31% (last week), 0.27% (last month), and 0.28% (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
Eur/usd price analysis: portrays bearish set-up on d1 below 1.1900. According to FXStreet on Sunday, 1 August, "As 1.1830 offers immediate support to the quote, a downside break of which will direct EUR/USD towards the previous month’s low near 1.1750 and firm-up bearish bias.", "Alternatively, a confluence of the stated EMA and 61.8% Fibonacci retracement of March-May upside near 1.1920 will shrug off the bearish signals and pushing the EUR/USD prices towards late June’s swing high surrounding 1.1975."
Eur/usd price analysis: extra gains seen above 1.1908. According to FXStreet on Monday, 2 August, "Further out, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2004."
Eur/usd pares daily gains, steadies around 1.1870. According to FXStreet on Monday, 2 August, "The EUR/USD pair advanced higher toward 1.1900 during the European trading hours on Monday but failed to preserve its bullish momentum. ", "Earlier in the day, the risk-positive market environment made it difficult for the greenback to find demand helped EUR/USD push higher. "
According to FXStreet on Sunday, 1 August, "The EUR/USD pair flirted with 1.1900, as local GDP surpasses expectations in Q2. "
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