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USD/CHF Bearish Momentum With A 1% Drop In The Last 10 Sessions

(VIANEWS) – USD/CHF (USDCHF) has been up by 1.16% for the last 10 sessions. At 16:12 EST on Sunday, 21 July, USD/CHF (USDCHF) is $0.89.

USD/CHF’s yearly highs and lows, it’s 6.507% up from its 52-week low and 4.014% down from its 52-week high.

News about

  • Eur/usd holds losses near 1.0900 due to increased risk aversion. According to FXStreet on Friday, 19 July, "The decline in the EUR/USD pair can be attributed to the strengthening of the US Dollar (USD) amid increased risk aversion."
  • According to FXStreet on Friday, 19 July, "The fact that EUR/USD had to give up the 1.0930 area during the press conference cannot seriously be explained by a surprise in Thursday’s ECB communication.", "In any case, for such a bubble to burst, it is enough for EUR/USD not to rise any further and for some trivial event to occur, like an ECB press conference at which Lagarde says pretty much what was expected."

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