(VIANEWS) – EUR/CHF (EURCHF) has been up by 2.06% for the last 10 sessions. At 20:06 EST on Monday, 1 July, EUR/CHF (EURCHF) is $0.97.
EUR/CHF’s yearly highs and lows, it’s 7.409% up from its 52-week low and 2.326% 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 rises to near 1.0750 due to heightened expectations of the fed’s rate cuts. According to FXStreet on Monday, 1 July, "Speculation that the US Federal Reserve (Fed) might cut interest rates in 2024 is weighing on the US Dollar (USD), supporting the EUR/USD pair."
- Eur/usd price analysis: bulls await move beyond 50% fibo. hurdle, around 1.0755-60 area. According to FXStreet on Monday, 1 July, "The EUR/USD pair builds on last week’s rebound from the 1.0665 region, or a nearly two-month low and gains strong positive traction for the third successive day on Monday. ", "Failure to defend the said support levels might expose last week’s swing low, around the 1.0665 area, below which the EUR/USD pair is more likely to prolong its recent well-established downtrend witnessed over the past four weeks or so."
- Eur/usd gets rid of some political risk premium – ING. According to FXStreet on Monday, 1 July, "We think this week’s US data can push EUR/USD higher, but French politics can still put a cap on the pair this summer, ING FX strategist Francesco Pesole notes.", "It appears that EUR/USD is getting rid of some political risk premium this morning after preliminary results from the first round of French parliamentary elections came in close to pre-vote polls. "
More news about EUR/CHF (EURCHF).
