EUR/CHF Bearish Momentum: 0.94% Down In The Last 5 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 0.94% for the last 5 sessions. At 09:06 EST on Friday, 12 April, EUR/CHF (EURCHF) is $0.97.

EUR/CHF’s yearly highs and lows, it’s 7.287% up from its 52-week low and 1.933% 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 Friday, 12 April, "This turns out to be another factor acting as a tailwind for the USD/JPY pair, though bulls seem reluctant to place aggressive bets amid the recent verbal warnings from Japanese officials that they would intervene in the markets to stem any further JPY weakness. ", "In the meantime, the multi-decade high, around the 153.25-153.30 region, now seems to act as an immediate hurdle, above which the USD/JPY pair could aim to reclaim the 154.00 round figure."
  • According to FXStreet on Wednesday, 10 April, "The stronger dollar and rising US yields motivated USD/JPY to surge to the boundaries of the 153.00 hurdle. "
  • According to FXStreet on Thursday, 11 April, "This, in turn, assists the USD/JPY pair to attract some dip-buying and bounce back to the 153.00 mark heading into the European session. ", "A sustained strength beyond will be seen as a fresh trigger for bullish traders and set the stage for an extension of the USD/JPY pair’s recent uptrend witnessed over the past month or so."
  • Usd/jpy refreshes 34-year highs above 153.00 following US PPI data. According to FXStreet on Thursday, 11 April, "The USD/JPY climbed during the North American session and remains above the 153.00 figure despite Japanese authorities jawboning on excessive Japanese Yen (JPY) movements. ", "Given the fact the USD/JPY has broken the 153.00 barrier, the next resistance level would be the June 1990 monthly high at 155.78, followed by the April 1990 pivot high at 160.32. "
  • According to FXStreet on Thursday, 11 April, "At the time of writing, USD/JPY is trading 0.22% lower on the day to trade at 152.85"

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