EUR/CHF Bearish Momentum With A 2% Slide In The Last 10 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 2.02% for the last 10 sessions. At 18:06 EST on Thursday, 25 July, EUR/CHF (EURCHF) is $0.96.

EUR/CHF’s yearly highs and lows, it’s 5.858% up from its 52-week low and 3.736% 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 overbought (>=80).

News about

  • Eur/usd remains on the defensive below 1.0850 ahead of ecb’s lagarde speech, US GDP data. According to FXStreet on Thursday, 25 July, "The EUR/USD pair trades in negative territory for the third consecutive day around 1.0835 during the Asian session on Thursday. "
  • Eur/usd hangs near two-week low, below mid-1.0800s ahead of eurozone pmis. According to FXStreet on Wednesday, 24 July, "Nevertheless, the aforementioned mixed fundamental backdrop warrants some caution before placing aggressive bearish bets around the EUR/USD pair and positioning for further losses.", "The EUR/USD pair prolongs its recent corrective slide from the vicinity of mid-1.0900s, or a four-month high touched last week, and remains under some selling pressure for the second straight day on Wednesday. "
  • According to FXStreet on Wednesday, 24 July, "The biggest influence on the EUR/USD exchange rate in the coming months is likely to be the US election. ", "That said, EUR/USD is currently trading in the upper half of the range that has held through much of this year and the numerous bad spots in the Eurozone’s economic and political backdrop argue in favour of downside risk. "
  • Eur/usd price analysis: holds below 1.0850, further downside cannot be ruled out. According to FXStreet on Thursday, 25 July, "The EUR/USD pair trades on a flat note around 1.0840 despite the decline of the Greenback during the early European session on Thursday. ", " Technically, EUR/USD maintains the bearish outlook unchanged on the 4-hour chart as the major pair holds below the key 100-period Exponential Moving Average (EMA). "
  • According to FXStreet on Tuesday, 23 July, "At the press time, EUR/USD is grinding lower to near 1.0885, down 0.05% on the day."

More news about EUR/CHF (EURCHF).

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