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EUR/CHF Bearish Momentum With A 1% Slide In The Last 10 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 1.59% for the last 10 sessions. At 10:07 EST on Thursday, 13 July, EUR/CHF (EURCHF) is $0.96.

EUR/CHF’s yearly highs and lows, it’s 1.994% up from its 52-week low and 4.754% 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 0.25%, a negative 0.09%, and a positive 0.21%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.25% (last week), 0.16% (last month), and 0.21% (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 plummets to one-month low, closer to mid-139.00s ahead of the crucial US CPI report. According to FXStreet on Wednesday, 12 July, "Apart from this, the prevailing US Dollar (USD) selling bias is seen as another factor exerting downward pressure on the USD/JPY pair.", "The USD/JPY pair prolongs its recent sharp retracement slide from the YTD peak – levels just above the 145.00 psychological mark = and continues losing ground for the fifth successive day on Wednesday. "
  • Usd/jpy falls to its lowest level since mid-June ahead of US CPI. According to FXStreet on Tuesday, 11 July, "According to the daily chart, the technical outlook for the USD/JPY suggests strong bearish momentum in the short term. "
  • Usd/jpy declines towards 140.00 amid weakness in USD index, US inflation in focus. According to FXStreet on Tuesday, 11 July, "The USD/JPY pair is declining toward the psychological support of 140.00 in the European session. "
  • According to DailyForex on Tuesday, 11 July, "In the Forex market, the spotlight is onthe USD/JPY currency pairas the Japanese Yen continues its multi-day streak of getting stronger, with the Yen the strongest major currency so far today and the US Dollar the weakest.USD/JPY is now trading well below ¥141 which calls into question the long-term bullish trend as the price now seems to have broken below a very pivotal area of support near that round number."
  • Usd/jpy technical analysis: selling is still going on – 11 July 2023. According to DailyForex on Tuesday, 11 July, "The strong and sharp gains of the USD/JPY currency pair, which moved all technical indicators on all timeframes towards strong overbought levels, may be followed by profit-taking sales at any time. ", "Forecasts of the US dollar against the Japanese yen:According to the performance on the daily chart below, the general bullish trend of the USD/JPY currency pair has been broken."

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