EUR/CHF Falls By 1% In The Last 10 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 1.69% for the last 10 sessions. At 18:06 EST on Wednesday, 18 October, EUR/CHF (EURCHF) is $0.95.

EUR/CHF’s yearly highs and lows, it’s 0.074% up from its 52-week low and 6.21% down from its 52-week high.

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  • According to FXStreet on Monday, 16 October, "The Euro (EUR) starts the new trading week on a positive foot against the US Dollar (USD), encouraging EUR/USD to extend the rebound from the 1.0500 neighbourhood and regain the 1.0540 zone on Monday.", "If the upward momentum continues, there is a possibility that EUR/USD could revisit the September 20 high of 1.0736 and potentially reach the significant 200-day Simple Moving Average (SMA) at 1.0822. "
  • Eur/usd trades with mild positive bias above 1.0500 mark, lacks bullish conviction. According to FXStreet on Monday, 16 October, "Traders will further take cues from Fedspeaks, which, along with the US bond yields and the broader risk sentiment, will influence the USD price dynamics and provide some impetus to the EUR/USD pair. ", "The EUR/USD pair kicks off the new week on a positive note and reverses a part of Friday’s losses to a one-week low - levels just below the 1.0500 psychological mark. "
  • Eur/usd can continue to trade near 1.05 – ING. According to FXStreet on Monday, 16 October, "But poor growth in the Eurozone and what could be some political risk premium going back into the Euro could keep EUR/USD at these low levels near 1.05 into year-end."
  • Eur/usd signal: faces downward pressure amidst economic uncertainty – 16 October 2023. According to DailyForex on Monday, 16 October, "Potential signal: I will still be short the EUR/USD pair, and I think we are going to see 1.0250 in the near future. "

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