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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 1.9% for the last 10 sessions. At 06:06 EST on Tuesday, 4 June, EUR/CHF (EURCHF) is $0.97.

EUR/CHF’s yearly highs and lows, it’s 7.641% up from its 52-week low and 2.115% 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 0.30%, a positive 0.03%, and a positive 0.24%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.31% (last week), 0.21% (last month), and 0.24% (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

  • Eur/usd edges higher above 1.0850 ahead of US ISM PMI data. According to FXStreet on Monday, 3 June, "The EUR/USD pair extends the upside around 1.0850 on Monday during the early Asian session. ", "Any dovish message from the ECB is likely to weigh on the Euro (EUR) and create a headwind for the EUR/USD pair."
  • Eur/usd price analysis: rises to 1.0850; next barrier at upper boundary of triangle. According to FXStreet on Monday, 3 June, "The EUR/USD pair could retest the upper boundary of the ascending triangle, followed by the psychological level of 1.0900. ", "If the EUR/USD pair breaks below the lower boundary of the ascending triangle, it could face downward pressure, potentially descending toward the vicinity of the notable level of 1.0700. "
  • Eur/usd stands tall near its highest level since March, just above 1.0900 mark. According to FXStreet on Tuesday, 4 June, "Traders, however, seem reluctant to place aggressive bullish bets around the EUR/USD pair and prefer to wait on the sidelines ahead of the crucial European Central Bank (ECB) meeting on Thursday. ", "The US Dollar (USD) slides to a nearly two-month low in the wake of growing acceptance that the Federal Reserve (Fed) is on track to start cutting interest rates later this year and turns out to be a key factor acting as a tailwind for the EUR/USD pair. "

More news about EUR/CHF (EURCHF).

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