EUR/CHF Bearish Momentum: 0.86% Down In The Last 5 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 0.86% for the last 5 sessions. At 05:06 EST on Thursday, 9 March, EUR/CHF (EURCHF) is $0.99.

EUR/CHF’s yearly highs and lows, it’s 4.963% up from its 52-week low and 5.868% 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 eases below 1.0700 as fed chair powell’s testimony looms. According to FXStreet on Tuesday, 7 March, "Moving ahead, Fed Chair Powell’s testimony will be crucial to watch for the EUR/USD pair traders. ", "Although the EUR/USD pair aptly portrays a clear bounce off the 200-day Exponential Moving Average (EMA), around 1.0540 by the press time, the pair’s upside moves appear elusive unless crossing the mid-January swing low surrounding 1.0766."
  • Eur/usd tumbles toward 1.0580 as DXY jumps on fed powell’s remarks. According to FXStreet on Tuesday, 7 March, "The EUR/USD lost more than 50 pips after the release of Fed Chair Powell’s remarks. "
  • Eur/usd declines towards 1.0530 as fed’s powell endorses more rates. According to FXStreet on Wednesday, 8 March, "The EUR/USD pair has delivered a downside break of the consolidation around 1.0550 in the Asian session. "
  • Eur/usd might nudge back to the lower end of the 1.0600-1.0700 range – ING. According to FXStreet on Tuesday, 7 March, "Helping EUR/USD yesterday were comments from ECB ultra hawk, Robert Holzmann, that the ECB should deliver four more 50 bps rate hikes. ", "Powell’s testimony should dominate today and might nudge EUR/USD back to the lower end of the 1.0600-1.0700 range."
  • Eur/usd technical analysis: rebound attempts ahead of important events – 07 March 2023. According to DailyForex on Tuesday, 7 March, "The recent bounce did not reach the price of the EUR/USD currency pair, to change the general trend, which is still bearish. ", "The EUR/USD will be affected today by the reaction from US Central Bank Governor Jerome Powell’s testimony."

More news about EUR/CHF (EURCHF).

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