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EUR/CHF Bearish Momentum: 0.82% Down In The Last 5 Sessions

ViaNews Editorial Team

August 22, 2024

EUR/CHF Bearish Momentum: 0.82% Down In The Last 5 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 0.82% for the last 5 sessions. At 04:06 EST on Thursday, 22 August, EUR/CHF (EURCHF) is $0.95.

EUR/CHF's yearly highs and lows, it's 4.873% up from its 52-week low and 4.632% down from its 52-week high.

Volatility

EUR/CHF's last week, last month's, and last quarter's current intraday variation average was a negative 0.12%, a negative 0.08%, and a positive 0.31%, respectively.

EUR/CHF's highest amplitude of average volatility was 0.29% (last week), 0.39% (last month), and 0.31% (last quarter), respectively.

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 weakens below 1.1150 ahead of eurozone/us PMI data. According to FXStreet on Thursday, 22 August, "The EUR/USD pair trades with mild losses near 1.1145, snapping the four-day winning streak during the Asian session on Thursday. "
  • Eur/usd holds below 1.1150 amid cautious mood, all eyes on FOMC minutes. According to FXStreet on Wednesday, 21 August, "The EUR/USD pair loses momentum around 1.1120, snapping the three-day winning streak during the early European session on Wednesday. "
  • Eur/usd: new range? – rabobank. According to FXStreet on Tuesday, 20 August, "As we argued earlier this month, we see upside risks for EUR/USD as likely to be associated with a softer USD rather than a broadly stronger EUR. ", "On balance, while we can not rule out another dip to the EUR/USD1.08 area in the weeks ahead, we expect EUR/USD to 1.09/1.10 area to become more comfortable for EUR/USD in the coming months."
  • Eur/usd finds fresh 13-month high as greenback pummeling continues. According to FXStreet on Wednesday, 21 August, "The pair has closed in the green for all but one of the last eight straight trading days, with EUR/USD chalking in over 3.5% in gains since the pair's last swing low into the 1.0800 handle before catching a bullish bounce off of the 200-day Exponential Moving Average (EMA), which is now rising into 1.0825."

More news about EUR/CHF (EURCHF).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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