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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 1.27% for the last 10 sessions. At 08:06 EST on Friday, 13 October, EUR/CHF (EURCHF) is $0.95.

EUR/CHF’s yearly highs and lows, it’s 0.357% up from its 52-week low and 5.437% 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

  • Usd/jpy price analysis: bulls await a breakout through one-week-old trading range, US CPI in focus. According to FXStreet on Thursday, 12 October, "The aforementioned setup suggests that the path of least resistance for the USD/JPY pair is to the upside. ", "This, in turn, will drive the USD demand in the near term and help determine the next leg of a directional move for the USD/JPY pair."
  • Usd/jpy technical analysis: bulls’ control May remain for a longer period – 12 October 2023. According to DailyForex on Thursday, 12 October, "On the other hand, over the same time period, the closest support levels for the USD/JPY pair will be 148.30 and 147.00, respectively."
  • Usd/jpy catches a lift into 149.10 heading into Thursday. According to FXStreet on Wednesday, 11 October, "The USD/JPY reclaimed the 149.00 handle once again in Wednesday trading, and now heads into Thursday’s market session looking to hold onto the major level with thin Japan data on the offering for the Asia market window and investors bracing for a fresh printing of US Consumer Price Index (CPI) inflation figures later in the day.", "The USD/JPY remains firmly entrenched in bullish territory on the longer timeframes, with daily candlesticks still well-supported by the 50-day SMA near 147.00 and the 200-day SMA trading far below current prices, twisting bullish into the 139.00 handle."
  • Usd/jpy skyrockets amidst surging US treasury yields following a slight inflation jump. According to FXStreet on Thursday, 12 October, "From a technical standpoint, the USD/JPY uptrend is intact and could re-test the 150.00 figure in the near term. ", "The USD/JPY rallies sharply following the US 10-year Treasury bond yield footsteps after the US Bureau of Labor Statistics (BLS) revealed that inflation jumped slightly in September, contradicting dovish stances adopted by US Federal Reserve officials ahead of the US CPI report. "
  • Usd/jpy oscillates in a narrow range below 149.00 ahead of US PPI and FOMC minutes. According to FXStreet on Wednesday, 11 October, "In the meantime, a generally positive tone around the equity markets, along with the Bank of Japan’s (BoJ) persistent ultra-easy monetary policy, is seen undermining the safe-haven Japanese Yen (JPY) and acting as a tailwind for the USD/JPY pair. ", "Even from a technical perspective, the range-bound price action points to indecision among traders over the near-term trajectory for the USD/JPY pair. "

More news about EUR/CHF (EURCHF).

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