(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.93% for the last 10 sessions. At 06:08 EST on Wednesday, 25 September, GBP/EUR (GBPEUR) is $1.19.
GBP/EUR's yearly highs and lows, it's 4.751% up from its 52-week low and 0.607% down from its 52-week high.
Volatility
GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.26%, 0.07%, and 0.20%, respectively.
GBP/EUR's highest amplitude of average volatility was 0.32% (last week), 0.18% (last month), and 0.20% (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
- According to FXStreet on Monday, 23 September, "This is not a great environment for the Euro, nor for EUR/USD to push above major resistance at 1.12. ", "Further EUR/USD consolidation in a 1.11-1.12 range seems likely, ING's FX strategist Chirs Turner notes."
- Eur/usd eases back after misfire in EU PMI figures. According to FXStreet on Monday, 23 September, "Despite a broad-market weakening in the Greenback following last week's surprise double rate cut from the Fed, souring market sentiment on behalf of the Euro is keeping EUR/USD under wraps.", "Despite intraday weakness, EUR/USD continues to remain overall well-bid, with the pair testing into yearly highs despite an inability to reclaim the 1.1200 handle."
- According to FXStreet on Tuesday, 24 September, "Were it not for the global inflationary environment EUR/USD would look more vulnerable under 1.1100. ", "For the time being, however, we slightly favour this 1.1100-1.1150 range to hold, with the best news for EUR/USD potentially coming with US price data on Friday."
- According to FXStreet on Tuesday, 24 September, "Even if not much remained of yesterday's EUR-negative shock in the end, the market reaction reminds us that our expectation of rising EUR/USD rates is also based on the euro areanotsliding into a recession. ", "If the situation were to deteriorate significantly, our EUR/USD forecast would be at risk."
- Eur/usd gathers strength to near 1.1200 as risk appetite rebounds. According to FXStreet on Wednesday, 25 September, "The EUR/USD pair extends upside to near 1.1195 on Wednesday during the Asian trading hours. "
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