(VIANEWS) – EUR/CHF (EURCHF) has been up by 1.29% for the last 10 sessions. At 10:06 EST on Friday, 2 February, EUR/CHF (EURCHF) is $0.93.
EUR/CHF’s yearly highs and lows, it’s 3.4% up from its 52-week low and 7.011% down from its 52-week high.
Volatility
EUR/CHF’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.22%, a negative 0.01%, and a positive 0.24%, respectively.
EUR/CHF’s highest amplitude of average volatility was 0.28% (last week), 0.22% (last month), and 0.24% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/CHF’s Forex is considered to be overbought (>=80).
News about
- Eur/usd falls sharply to near 1.0800 on weak German retail sales data, fed policy eyed. According to FXStreet on Wednesday, 31 January, "The EUR/USD pair tumbles to near the round-level support of 1.0800 amid weaker German Retail Sales data and the dismal market sentiment. "
- Eur/usd to test the lower end of the 1.0800-1.0875 range ahead of the FOMC – ING. According to FXStreet on Wednesday, 31 January, "That is not our house view, but does mean that EUR/USD should end the week heading into Friday’s US jobs data on the soft side.", "Our baseline view favours EUR/USD testing the lower end of the 1.0800-1.0875 range ahead of the FOMC."
- Eur/usd price analysis: edges higher to near 1.0810 followed by a major support level. According to FXStreet on Thursday, 1 February, "Immediate support for the EUR/USD pair can be found at the psychological level of 1.0800, aligning with January’s low at 1.0794. ", "A successful break above the major level could potentially propel the EUR/USD pair to approach the resistance zone around the 23.6% Fibonacci retracement level at 1.0876 aligned with the 21-day Exponential Moving Average (EMA) at 1.0878. "
- Eur/usd gains on soft US employment data, ahead of fomc’s meeting. According to FXStreet on Wednesday, 31 January, "With economic data out of the way, EUR/USD traders’ attention turns to the Federal Reserve’s (Fed) Open Market Committee Meeting (FOMC). ", "The EUR/USD tilted from bearish biased, to neutral-bearish as traders lifted the exchange rate towards the 1.0880s area. "
- Eur/usd forecast: February 2024 – 31 January 2024. According to DailyForex on Wednesday, 31 January, "While it may be ‘unacceptable’ for those who favor buying the EUR/USD and remain bullish, arguing against the trend until it produces evidence of stopping downwards momentum needs to be considered before trying to pursue upwards bias.EUR/USD Outlook for February 2024:Speculative price range for EUR/USD is 1.07230 to 1.09790", "Headwinds against the EUR/USD may not continue into the mid-term, but trading in the next couple of weeks for the currency pair may remain tricky as durable support levels are sought."
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