(VIANEWS) – EUR/CHF (EURCHF) has been up by 1.01% for the last 10 sessions. At 14:06 EST on Monday, 5 February, EUR/CHF (EURCHF) is $0.93.
EUR/CHF’s yearly highs and lows, it’s 3.511% up from its 52-week low and 6.912% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/CHF’s Forex is considered to be oversold (<=20).
News about
- Eur/usd will be more comfortable in a 1.0400 to 1.1200 range than at levels closer to 1.2000 – rabobank. According to FXStreet on Monday, 5 February, "We maintain our one-month EUR/USD forecast of 1.0700 and our three-month target of 1.0500.", "For this reason, we see risk of EUR/USD being more comfortable in a 1.0400 to 1.1200 range over the next couple of years than at levels closer to 1.2000."
- Eur/usd languishes near YTD low as traders continue to trim fed rate cut bets. According to FXStreet on Monday, 5 February, "A sustained strength beyond, however, might trigger a short-covering rally and allow the EUR/USD pair to reclaim the 1.0900 round figure. ", "This is seen as another factor dragging the EUR/USD pair lower and supports prospects for deeper losses."
- Eur/usd forex signal: bearish price channel – 05 February 2024. According to DailyForex on Monday, 5 February, "My previous EUR/USD signal on 24thJanuarywas not triggered as there was insufficiently bearish price action when the resistance levels were first reached that day.", "In my previous analysis ofthe EUR/USD currency pairalmost two weeks ago, I wrote that the resistance level at $1.0876 looked likely to be the level which would determine what would happen over the day. "
- Eur/usd weakens to 1.0780 ahead of German trade balance, eurozone PMI data. According to FXStreet on Monday, 5 February, "The EUR/USD pair faces some selling pressure above the mid-1.0700s during the early Asian trading hours on Monday. "
- Eur/usd to drift higher in the second half of the year – MUFG. According to FXStreet on Monday, 5 February, "We remain neutral on EUR/USD in H1 but see a slowing US economy emerging, contrasting somewhat with a modest pick-up in Eurozone growth which will allow for EUR/USD to drift higher in H2, although the move will be curtailed by US political risks."
More news about EUR/CHF (EURCHF).
