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GBP/EUR Bearish Momentum: 0.97% Down In The Last 10 Sessions

ViaNews Editorial Team

February 10, 2023

GBP/EUR Bearish Momentum: 0.97% Down In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.97% for the last 10 sessions. At 20:07 EST on Thursday, 9 February, GBP/EUR (GBPEUR) is $1.13.

GBP/EUR's yearly highs and lows, it's 4.356% up from its 52-week low and 7.417% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was a positive 0.41%, a negative 0.02%, and a positive 0.36%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.51% (last week), 0.30% (last month), and 0.36% (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: fed’s “higher for longer” interest rate to drag the pair down – rabobank. According to FXStreet on Wednesday, 8 February, "This underpins our expectation that EUR/USD will dip back to 1.06 on a three-month view and potentially to 1.03 in six-months."
  • Eur/usd pares weekly losses above 1.0700 amid fed vs. ECB battle, German inflation, EU economic forecasts eyed. According to FXStreet on Thursday, 9 February, "Looking forward, the first prints of Germany's Harmonized Index of Consumer Prices for January, expected 10.0% versus 9.6% prior, will be the first to direct EUR/USD traders. ", "Elsewhere, easing fears surrounding the US and China tension over the balloon shooting seems to have joined the lack of major negatives from elsewhere to underpin the mildly positive mood and propel the EUR/USD as the Euro traders await crucial data."
  • Eur/usd price analysis: consolidation continues inside 50% and 61.8% fibo retracements. According to FXStreet on Thursday, 9 February, "The EUR/USD pair has delivered an upside break of the extremely narrow range consolidation placed in a 1.0710-1.0716 zone in the Asian session. "
  • Eur/usd price analysis: bound in 50% and 61.8% fibo retracement ahead of German inflation. According to FXStreet on Wednesday, 8 February, "The EUR/USD pair is oscillating in an extremely narrow range around 1.0730 as investors are awaiting the release of the preliminary German inflation data for fresh impetus. "

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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