EUR/CHF Bearish Momentum With A 1% Drop In The Last 21 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 1.51% for the last 21 sessions. At 17:07 EST on Monday, 7 August, EUR/CHF (EURCHF) is $0.96.

EUR/CHF’s yearly highs and lows, it’s 1.845% up from its 52-week low and 4.893% 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 0.02%, a negative 0.09%, and a positive 0.20%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.16% (last week), 0.25% (last month), and 0.20% (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

  • Usd/jpy climbs on strong USD after last week’s US nonfarm payrolls data. According to FXStreet on Monday, 7 August, "The USD/JPY advancement was sponsored by hawkish comments by Michelle Bowman, who said the Fed would likely need to lift rates further to bring down inflation. "
  • According to FXStreet on Monday, 7 August, "Overall, the BoJ Summary of Opinions for the July meeting appears hawkish and weighs on the USD/JPY price."
  • Usd/jpy flat-lines around 141.65 area, just above Friday’s post-nfp swing low. According to FXStreet on Monday, 7 August, "Apart from this, the Bank of Japan’s (BoJ) dovish stance continues to undermine the Japanese Yen (JPY) and holds back traders from placing bearish bets around the USD/JPY pair.", "This, in turn, halted the recent surge in Treasury yields, which keeps the US Dollar (USD) bulls on the defensive for the third successive day on Monday and turns out to be a key factor acting as a headwind for the USD/JPY pair."

More news about EUR/CHF (EURCHF).

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