EUR/CHF Bullish Momentum: 0.81% Up In The Last 5 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 0.81% for the last 5 sessions. At 03:06 EST on Wednesday, 2 August, EUR/CHF (EURCHF) is $0.96.

EUR/CHF’s yearly highs and lows, it’s 2.026% up from its 52-week low and 4.724% 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 positive 0.13%, a negative 0.08%, and a positive 0.22%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.20% (last week), 0.22% (last month), and 0.22% (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 oversold (<=20).

News about

  • Eur/usd will not receive any momentum any longer if the ECB follows the fed – commerzbank. According to FXStreet on Monday, 31 July, "If the ECB more or less follows the Fed in its monetary policy that does not mean that EUR/USD will not receive any momentum any longer. ", "However, medium-term our EUR/USD projections are nonetheless based on the difference between Fed and ECB: our central bank watchers project that the Fed will soon cut its interest rates again, whereas the ECB will keep rates at the terminal levels for the foreseeable future. "
  • Eur/usd price analysis: remains on the defensive above the 1.1000 mark, eyes on eurozone inflation, US NFP. According to FXStreet on Monday, 31 July, "Adding to this, the Relative Strength Index (RSI) stands below 50, supporting EUR/USD buyers for now.", "The EUR/USD pair loses momentum and remains on the defensive above the 1.1000 area during the early Asian trading hours on Monday. "
  • Eur/usd technical analysis: the break of the bullish trend continues – 31 July 2023. According to DailyForex on Monday, 31 July, "According to the performance on the daily chart below, the price of the EUR/USD currency pair is still moving within the range of a bearish channel. ", "I expect the EUR/USD pair to remain under downward pressure until the important US jobs numbers are announced this week."
  • According to FXStreet on Monday, 31 July, "Furthermore, the constructive view of EUR/USD appears unchanged as long as the pair trades above the key 200-day SMA.", "If bears regain the upper hand, EUR/USD should put the weekly low of 1.0943 (July 28) to the test ahead of a probable move to the transitory 55-day and 100-day SMAs at 1.0908 and 1.0906, respectively. "
  • Eur/usd forex signal: bearish sentiment ahead of the EU inflation data – 31 July 2023. According to DailyForex on Monday, 31 July, "The EUR/USD pair was in focus last week as the Fed and the ECB delivered their interest rate decisions. ", "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 1.0960."

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