(VIANEWS) – EUR/CHF (EURCHF) has been up by 2.2% for the last 21 sessions. At 21:06 EST on Thursday, 11 July, EUR/CHF (EURCHF) is $0.97.
EUR/CHF’s yearly highs and lows, it’s 7.885% up from its 52-week low and 1.893% 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 Thursday, 11 July, "The Euro (EUR) is enjoying some "silence" on French politics, which is making investors comfortable so far with EUR/USD drifting slightly higher from the 1.0800-1.0830 anchor, ING’s FX strategist Francesco Pesole notes.", "As discussed above, the US Dollar may soften today and EUR/USD could eye 1.0900. "
- Eur/usd price analysis: descending trend line resistance to cap gains ahead of US CPI. According to FXStreet on Thursday, 11 July, "The EUR/USD pair attracts buyers for the second successive day on Thursday and moves back closer to a nearly four-week high touched on Monday. ", "Moreover, oscillators on the daily chart have been gaining positive traction and suggest that the path of least resistance for the EUR/USD pair is to the upside. "
- According to FXStreet on Thursday, 11 July, "In this case, investors could price in a widening policy gap between the European Central Bank (ECB) and the Fed, opening the door for a sharp decline in EUR/USD in the near term.", "Eren Sengezer, European Session Lead Analyst at FXStreet, offers a brief technical outlook for EUR/USD and explains: "EUR/USD holds above the 100-day and the 200-day Simple Moving Averages (SMA) following the pullback seen earlier in the week, reflecting sellers’ hesitancy. "
- Eur/usd: still faces downside risks – ING. According to FXStreet on Wednesday, 10 July, "We believe any US-macro-driven rally close to 1.10 will offer opportunities for strategic EUR/USD selling this summer."
- Eur/usd follows the rest of the market higher after US CPI inflation chills. According to FXStreet on Thursday, 11 July, "Despite a firm push into topside territory, the Fiber remains hampered by a rough descending channel, and daily candlesticks are poised for a bearish turnaround as EUR/USD waffles just beneath 1.0900."
More news about EUR/CHF (EURCHF).
