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

(VIANEWS) – EUR/CHF (EURCHF) has been up by 1.88% for the last 10 sessions. At 10:06 EST on Wednesday, 3 July, EUR/CHF (EURCHF) is $0.97.

EUR/CHF’s yearly highs and lows, it’s 7.674% up from its 52-week low and 2.085% 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 0.25%, a negative 0.04%, and a positive 0.24%, respectively.

EUR/CHF’s highest amplitude of average volatility was 0.28% (last week), 0.28% (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 oversold (<=20).

News about

  • According to FXStreet on Tuesday, 2 July, "A USD-driven move to 1.0800 is possible in EUR/USD in the next couple of days, but the upside should remain capped by Frenchpolitical risk this week, in our view."
  • According to FXStreet on Tuesday, 2 July, "At the time of writing, EUR/USD is dropping 0.18% on the day to trade near 1.0720."
  • Eur/usd price analysis: bulls await move beyond 50% fibo. hurdle, around 1.0755-60 area. According to FXStreet on Monday, 1 July, "This, in turn, provides a goodish lift to the shared currency, which, along with some follow-through US Dollar (USD) selling, fueled by rising bets for a September rate cut by the Federal Reserve (Fed), acts as a tailwind for the EUR/USD pair.", "Failure to defend the said support levels might expose last week’s swing low, around the 1.0665 area, below which the EUR/USD pair is more likely to prolong its recent well-established downtrend witnessed over the past four weeks or so."
  • Eur/usd gets rid of some political risk premium – ING. According to FXStreet on Monday, 1 July, "We think this week’s US data can push EUR/USD higher, but French politics can still put a cap on the pair this summer, ING FX strategist Francesco Pesole notes.", "It appears that EUR/USD is getting rid of some political risk premium this morning after preliminary results from the first round of French parliamentary elections came in close to pre-vote polls. "

More news about EUR/CHF (EURCHF).

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