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EUR/CHF Bearish Momentum: 0.97% Down In The Last 5 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 0.97% for the last 5 sessions. At 16:06 EST on Wednesday, 8 March, EUR/CHF (EURCHF) is $0.99.

EUR/CHF’s yearly highs and lows, it’s 5.271% up from its 52-week low and 5.593% 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: January low of 1.0480/1.0440 is crucial support zone – socgen. According to FXStreet on Monday, 6 March, "A move below the January low of 1.0480/1.0460 could see the EUR/USD pair extending its decline, economists at Société Générale report."
  • Eur/usd probably ends March in the 1.07/1.08 area – ING. According to FXStreet on Monday, 6 March, "The tough ECB talk has kept the EUR:USD interest rate differential supported at the short end of the market and firmed up the 1.05 support zone for EUR/USD this month. "
  • Eur/usd price analysis: 100-sma probes buyers amid sluggish start to the key week. According to FXStreet on Monday, 6 March, "It’s worth noting that the EUR/USD pair’s run-up beyond the 1.0650 hurdle isn’t an open invitation for the quote’s rally as the 200-SMA and a two-month-long horizontal resistance area could check the pair’s further upside, respectively near 1.0745 and 1.0760-65.", "In a case where EUR/USD drops below 1.0480, the late November low near 1.0290 and the monthly bottom of 1.0222 will be in focus."
  • Eur/usd forex signal: to recoil ahead of powell testimony – 06 March 2023. According to DailyForex on Monday, 6 March, "The EUR/USD price pulled back ahead of a relatively busy market week in the financial market. ", "The EUR/USD pair drifted upwards as concerns about the Federal Reserve continued. "

More news about EUR/CHF (EURCHF).

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