(VIANEWS) – EUR/CHF (EURCHF) has been up by 1.71% for the last 10 sessions. At 00:06 EST on Friday, 5 July, EUR/CHF (EURCHF) is $0.97.
EUR/CHF’s yearly highs and lows, it’s 7.663% up from its 52-week low and 2.095% 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
- According to FXStreet on Wednesday, 3 July, "Market participants focus on the possibility of foreign exchange (FX) intervention from the Bank of Japan (BoJ), which could support the JPY and limit the upside of the USD/JPY pair.", "The USD/JPY pair might test the upper boundary of the ascending channel near 161.80. "
- Usd/jpy price analysis: rises steadily as buyers eye crucial 162.00 mark. According to FXStreet on Wednesday, 3 July, "The USD/JPY pair finished Wednesday’s session with minuscule gains of 0.14% after dipping to a daily low of 160.77, sponsored by traders increasing bets that the Federal Reserve might cut rates in 2024, following dismal data revealed during the day. ", "On further USD/JPY weakness, the first support would be 161.00, immediately followed by the Tenkan-Sen at 160.35. "
- According to FXStreet on Thursday, 4 July, "The USD/JPY pair retreated from its peak at 161.95, a level not seen since 1986. ", "In the near term, USD/JPY may test resistance near 162.10, the upper boundary of the ascending channel. "
- Usd/jpy price analysis: consolidates below 161.50 due to thin trading. According to FXStreet on Thursday, 4 July, "The USD/JPY registers minimal losses in thin volume conditions during the North American session due to US financial markets being closed in observance of the US Independence Day holiday. ", "The USD/JPY edged slightly lower yet failed to push decisively below the 161.00 psychological level, seen as the floor in the near term. "
- Usd/jpy holds positive ground above 161.00, all eyes on US NFP data. According to FXStreet on Friday, 5 July, "For USD/JPY to turn lower, that would require the USD to turn/Fed to cut or forBoJ to signal an intent to normalize urgently (rate hike or increase pace of balance sheet reduction). ", " The uptick in USD/JPY raises expectations of foreign exchange (FX) intervention from Japanese authorities. "
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