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EUR/CHF Bearish Momentum With A 2% Fall In The Last 21 Sessions

ViaNews Editorial Team

December 7, 2023

EUR/CHF Bearish Momentum With A 2% Fall In The Last 21 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 2.18% for the last 21 sessions. At 05:06 EST on Thursday, 7 December, EUR/CHF (EURCHF) is $0.94.

EUR/CHF's yearly highs and lows, it's 0.096% up from its 52-week low and 6.715% 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 extends the decline below 1.0800, eurozone retail sales eyed. According to FXStreet on Wednesday, 6 December, "The EUR/USD pair remains under selling pressure below the 1.0800 psychological mark during the early Asian session on Wednesday. "
  • Eur/usd forex signal: bears prevail as it flips key support level - 05 December 2023. According to DailyForex on Tuesday, 5 December, "The EUR/USD pair also retreated as investors reflected on the hawkish statement by Jerome Powell, the head of the Federal Reserve. ", "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:'ReviewsNonPartner',id:'horizontal-top-5',size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});Bearish viewSell the EUR/USD pair and set a take-profit at 1.0735."
  • According to FXStreet on Tuesday, 5 December, "The Relative Strength Index (RSI) indicator on the daily chart declined toward 50 and EUR/USD fell below the lower limit of the ascending regression channel on Monday. ", "If EUR/USD confirms 1.0820 as resistance, technical sellers could show interest. "
  • Eur/usd forex signal: euro meltdown has more room to run - 06 December 2023. According to DailyForex on Wednesday, 6 December, "The EUR/USD pair will react to several important economic data from Europe and the US. ", "The EUR/USD price plunged to a low of 1.0782, its lowest level since November 14th. "

More news about EUR/CHF (EURCHF).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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