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EUR/CHF Went Down By Over 2% In The Last 10 Sessions

ViaNews Editorial Team

August 29, 2024

EUR/CHF Went Down By Over 2% In The Last 10 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 2.01% for the last 10 sessions. At 12:06 EST on Thursday, 29 August, EUR/CHF (EURCHF) is $0.94.

EUR/CHF's yearly highs and lows, it's 3.898% up from its 52-week low and 5.519% 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 negative 0.25%, a negative 0.09%, and a positive 0.31%, respectively.

EUR/CHF's highest amplitude of average volatility was 0.31% (last week), 0.38% (last month), and 0.31% (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 overbought (>=80).

News about

  • Eur/usd corrects below 1.1100 as soft Spain inflation boosts ECB rate-cut bets. According to FXStreet on Thursday, 29 August, "(The story was corrected at 10:25 GMT to say in the first paragraph that " EUR/USD faces a sharp sell-off, sliding below the round-level support of 1.1100 in Thursday's European session not 1.100)"
  • Eur/usd price forecast: bounces-off key support near 1.1110 ahead of German/ US data. According to FXStreet on Thursday, 29 August, "From a short-term technical perspective, the EUR/USD uptrend remains intact so long as the 1.1107 support holds. "
  • According to FXStreet on Wednesday, 28 August, "But we don't see the conditions for the recent EUR/USD rally to be substantially unwound. ", "The EUR/USD drop this morning appears largely USD-driven, although admittedly the euro does look on less stable ground when considering the room for European Central Bankdovish repricing compared to the Fed's, ING's FX strategist Francesco Pesole notes."
  • According to FXStreet on Wednesday, 28 August, "Indeed, if the value of EUR/USD continues its ascent, given the backdrop of moderating inflationary pressure in the Eurozone, there may be more reason for the ECB to lower rates.", "Consequently, we don't see EUR/USD trading much higher than 1.12 in the coming months. "
  • According to FXStreet on Thursday, 29 August, "We see a scenario where 1.1080/1100 does hold before EUR/USD moves higher still. "

More news about EUR/CHF (EURCHF).

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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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