EUR/CHF Slides By 2% In The Last 21 Sessions

(VIANEWS) – EUR/CHF (EURCHF) has been up by 2.14% for the last 21 sessions. At 06:06 EST on Tuesday, 11 June, EUR/CHF (EURCHF) is $0.96.

EUR/CHF’s yearly highs and lows, it’s 6.722% up from its 52-week low and 2.951% 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 overbought (>=80).

News about

  • According to FXStreet on Monday, 10 June, "The Euro fails to find any impetus from the ECB official’s comments, keeping EUR/USD 0.38% lower on the day at 1.0758 due to renewed Euro area political tensions."
  • Eur/usd price analysis: not out of the woods yet, 100/200-day smas breakdown in play. According to FXStreet on Tuesday, 11 June, "This, in turn, favors bearish traders and validates the near-term negative outlook for the EUR/USD pair.", "Some follow-through selling will be seen as a fresh trigger for bearish traders and drag the EUR/USD pair to the next relevant support near the 1.0650-1.0640 region. "
  • Eur/usd struggles near three-week low, seems vulnerable below 100-day sma/1.0800. According to FXStreet on Monday, 10 June, "This, in turn, suggests that the path of least resistance for the EUR/USD pair is to the downside, though traders might refrain from placing aggressive directional bets ahead of the crucial FOMC policy decision on Wednesday. ", "This, along with the cautious mood around the equity markets, is seen underpinning the safe-haven US Dollar (USD) and turning out to be a key factor exerting some downward pressure on the EUR/USD pair."
  • Eur/usd looks for balance after off-kilter wobble, US CPI and fed projections loom ahead. According to FXStreet on Monday, 10 June, "A two-day backslide has dragged EUR/USD back below the 200-day Exponential Moving Average (EMA) at 1.0806, and near-term corrections will run aground of descending trendlines from 2024’s peak bids near 1.1140."

More news about EUR/CHF (EURCHF).

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