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EUR/CHF Bearish Momentum: 0.95% Down In The Last 10 Sessions

ViaNews Editorial Team

September 5, 2024

EUR/CHF Bearish Momentum: 0.95% Down In The Last 10 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 0.95% for the last 10 sessions. At 15:06 EST on Thursday, 5 September, EUR/CHF (EURCHF) is $0.94.

EUR/CHF's yearly highs and lows, it's 3.832% up from its 52-week low and 5.579% down from its 52-week high.

Volatility

EUR/CHF's last week, last month's, and last quarter's current intraday variation average was 0.10%, 0.02%, and 0.29%, respectively.

EUR/CHF's highest amplitude of average volatility was 0.18% (last week), 0.32% (last month), and 0.29% (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

  • According to FXStreet on Thursday, 5 September, "The EUR/USD pair shrugs off these comments, adding 0.16% on the day to test 1.1100, at the press time."
  • Eur/usd catches a bullish break, but still trapped below 1.11. According to FXStreet on Wednesday, 4 September, "Despite holding deep in the bull country, EUR/USD still faces a steepening bearish pullback as shorts congregate targets just above the 50-day EMA at 1.0956."
  • According to FXStreet on Wednesday, 4 September, "In other words, we are not as concerned for EUR/USD as we are for the likes of AUD/USD or NZD/USD that a softer US macro environment may have a net-negative impact due to the softer equities and a Fed pricing that is already dovish.", "Our preference remains for EUR/USD to hold above 1.1000 into tomorrow's US ISM services and Friday's payrolls. "
  • According to FXStreet on Tuesday, 3 September, "We think there is more to come here plus EUR/USD showed some reversal limiting the negative impact from the previous days. "

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.