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GBP/EUR Bullish Momentum With A 1% Jump In The Last 21 Sessions

ViaNews Editorial Team

January 30, 2024

GBP/EUR Bullish Momentum With A 1% Jump In The Last 21 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.67% for the last 21 sessions. At 04:11 EST on Tuesday, 30 January, GBP/EUR (GBPEUR) is $1.17.

GBP/EUR's yearly highs and lows, it's 5.271% up from its 52-week low and 0.408% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.06%, 0.09%, and 0.17%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.09% (last week), 0.16% (last month), and 0.17% (last quarter), respectively.

News about

  • Eur/usd price analysis: inches lower to 1.0840 followed by the monthly low. According to FXStreet on Monday, 29 January, "The significant level at 1.0850 may act as immediate resistance for the EUR/USD pair. ", "The 14-day Relative Strength Index (RSI) for the EUR/USD pair lies below the 50 mark, indicating a bearish momentum in the market. "
  • Eur/usd finds six-week low near 1.0800 as euro broadly underperforms. According to FXStreet on Monday, 29 January, "Monday saw EUR/USD decline over eight-tenths of a percent peak-to-trough from Friday's near-term peak at 1.0886, and the pair continues to waffle below the 200-hour Simple Moving Average (SMA) descending into 1.0870.", "Technical resistance has piled up in a familiar zone just below the 1.0900 handle, capping off intraday momentum to the top side and chaining EUR/USD into a defensive position as bids test old chart territory."
  • Eur/usd price analysis: hovers around 1.0830 after paring intraday gains. According to FXStreet on Tuesday, 30 January, "The 14-day Relative Strength Index (RSI) for the EUR/USD pair is situated below the 50 mark, signaling a bearish momentum in the market. ", "The EUR/USD pair could find immediate support at the psychological level at 1.0800 aligned with the monthly low at 1.0795. "
  • Eur/usd remains under pressure below 1.0850, German GDP data eyed. According to FXStreet on Monday, 29 January, "This, in turn, might exert some selling on the Euro (EUR) and act as a headwind for the EUR/USD pair."
  • According to DailyForex on Monday, 29 January, "Presently, the EUR/USD pair price seems to be caught in a phase of indecision, oscillating within its established range as it accumulates enough momentum for a significant directional move.", "For now, the EUR/USD is contained within a consolidation range, with the upper boundary at the 1.10 level and the lower support level at 1.075. "

More news about GBP/EUR (GBPEUR).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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