(VIANEWS) – EUR/CHF (EURCHF) has been up by 2.22% for the last 10 sessions. At 23:06 EST on Thursday, 6 June, 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 overbought (>=80).
News about
- According to FXStreet on Wednesday, 5 June, "Heading into the key central bank event and US macro data risks, Wednesday’s US economic docket, featuring the ADP report and ISM Services PMI,might produce short-term opportunities around the EUR/USD pair.", "The EUR/USD pair builds on the overnight bounce from the 1.0860-1.0855 region and ticks higher during the Asian session on Wednesday amid subdued US Dollar (USD) price action. "
- Eur/usd holds positive ground above 1.0850 ahead of ECB rate decision. According to FXStreet on Thursday, 6 June, "The EUR/USD pair gains ground around 1.0875 despite the recovery of the US Dollar (USD) during the early Asian session on Thursday. "
- According to FXStreet on Thursday, 6 June, "ECB President Christine Lagarde’s non-commital stance on the timing of the next rate cut could add extra legs to the EUR/USD recovery, as it would imply that the Bank could maintain rates higher for longer amid the persistence of inflation.", "On the other hand, if Lagarde dismisses concerns about sticky inflation, it could be read as a bit dovish by market participants, eventually rendering negative for the EUR/USD pair."
More news about EUR/CHF (EURCHF).
