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 04:06 EST on Wednesday, 10 May, EUR/CHF (EURCHF) is $0.97.

EUR/CHF’s yearly highs and lows, it’s 3.351% up from its 52-week low and 7.288% 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 0.37%, a negative 0.13%, and a positive 0.29%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.60% (last week), 0.28% (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 Tuesday, 9 May, "The news allows USD/JPY to extend the latest gains past 135.00, around 135.20 by the press time as it prints three-day uptrend. "
  • Usd/jpy eases from three-day high amid weaker usd, up a little around 135.00 mark. According to FXStreet on Monday, 8 May, "The USD/JPY pair builds on Friday’s positive move and gains some follow-through traction on the first day of a new week, albeit lacks follow-through buying. ", "This, along with concerns about the US banking sector and the debt ceiling, drags the US Treasury bond yields lower and weighs on the buck, which, in turn, acts as a headwind for the USD/JPY pair and warrants caution for bulls."
  • Usd/jpy price analysis: yen pares boj minutes-led gains below 135.00 as 50-sma prods bulls. According to FXStreet on Monday, 8 May, "With this, the USD/JPY bulls appear well-set to cross the 50-SMA hurdle surrounding 135.25. "
  • Usd/jpy signal: USD sees a lot of support via interest rates – 08 May 2023. According to DailyForex on Monday, 8 May, "However, if the USD/JPY currency pair were to turn around and break down below the ¥132.50 level, then it’s likely to see significant selling pressure, potentially leading to a move down to the ¥130 level."

More news about EUR/CHF (EURCHF).

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