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EUR/CHF Bullish Momentum With A 1% Jump In The Last 10 Sessions

ViaNews Editorial Team

August 15, 2024

EUR/CHF Bullish Momentum With A 1% Jump In The Last 10 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 1.2% for the last 10 sessions. At 23:06 EST on Wednesday, 14 August, EUR/CHF (EURCHF) is $0.95.

EUR/CHF's yearly highs and lows, it's 5.559% up from its 52-week low and 4.008% 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 0.31%, a negative 0.08%, and a positive 0.30%, respectively.

EUR/CHF's highest amplitude of average volatility was 0.38% (last week), 0.38% (last month), and 0.30% (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 edges higher above 1.0900, US PPI data looms. According to FXStreet on Tuesday, 13 August, "The EUR/USD pair trades in positive territory around 1.0940 during the Asian session on Tuesday. ", "The rising bets on the Fed rate cut are likely to weigh on the US Dollar (USD) and create a tailwind for EUR/USD for the time being."
  • Eur/usd finds the high side amid broad-base greenback softness. According to FXStreet on Tuesday, 13 August, "Despite Tuesday's rally, EUR/USD remains trapped under last week's peak bids just north of 1.10000. "
  • According to FXStreet on Wednesday, 14 August, "Eren Sengezer, European Session Lead Analyst at FXStreet, offers a brief technical outlook for EUR/USD and explains: "EUR/USD's near-term technical picture suggests that the bullish bias remains intact, with the Relative Strength Index (RSI) indicator on the daily chart holding comfortably above 50. ", "If EUR/USD manages to flip 1.1000 into support, it could target 1.1140 (December 28, 2023, high) next. "
  • According to FXStreet on Wednesday, 14 August, "Markets see the uptick in EUR/USD into the upper half of the 1.09-1.10 range as the start of a longer-lasting upward trend. "
  • Eur/usd finds thin gains and a seven-month peak on Wednesday. According to FXStreet on Wednesday, 14 August, "Bullish EUR/USD moves are threatening to run out of gas as the pair overextended too quickly from a technical rejection off of the 200-day Exponential Moving Average (EMA) at 1.0829."

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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