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

ViaNews Editorial Team

December 13, 2023

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

(VIANEWS) - EUR/CHF (EURCHF) has been up by 2.03% for the last 21 sessions. At 00:06 EST on Wednesday, 13 December, EUR/CHF (EURCHF) is $0.94.

EUR/CHF's yearly highs and lows, it's 0.489% up from its 52-week low and 6.418% 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 oversold (<=20).

News about

  • Eur/usd oscillates in a narrow range around 1.0760 ahead of the US CPI data. According to FXStreet on Monday, 11 December, "The EUR/USD pair oscillates in a narrow trading range above the mid-1.0700s during the early Asian session on Tuesday. ", "Traders will take cues from these events and find a trading opportunity around the EUR/USD pair."
  • Eur/usd stages a recovery near 1.0760 amid upbeat US dollar. According to FXStreet on Monday, 11 December, "The EUR/USD reboundsfrom its three-week low at 1.0723, which was recorded on Friday. ", "The EUR/USD pair trades higher around 1.0760 during the Asian trading hours on Monday. "
  • Eur/usd analysis: cautious anticipation of central bank decisions - 11 December 2023. According to DailyForex on Monday, 11 December, "Accordingly, it was natural for the price of the currency pair EUR/USD to move through strong selling operations that pushed it last week towards the 1.0723 support level, its lowest in nearly a month. ", "Meanwhile, it is possible that the EUR/USD will regain some of its lost gains if the European Central Bank this week opposes rising expectations for an interest rate cut. "
  • Eur/usd flattening around 1.0750 ahead of hectic central bank schedule this week. According to FXStreet on Monday, 11 December, "The EUR/USD is seeing drift around the 1.0750 price level as markets gear up for a hectic trading week. ", "The EUR/USD has been trading sideways since slipping back below the 1.0800 handle last week in a short-lived risk bid."

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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