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EUR/CHF Bearish Momentum With A 1% Drop In The Last 21 Sessions

ViaNews Editorial Team

December 11, 2023

EUR/CHF Bearish Momentum With A 1% Drop In The Last 21 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 1.8% for the last 21 sessions. At 22:06 EST on Sunday, 10 December, EUR/CHF (EURCHF) is $0.95.

EUR/CHF's yearly highs and lows, it's 0.691% up from its 52-week low and 6.23% 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 0.30%, a negative 0.10%, and a positive 0.26%, respectively.

EUR/CHF's highest amplitude of average volatility was 0.32% (last week), 0.23% (last month), and 0.26% (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 Friday, 8 December, "This is closely followed by the 200-day SMA, currently near the 142.30 region, below which the USD/JPY pair could slide below the 142.00 mark and retest the multi-month trough, around the 141.60 region touched the previous day. ", "Apart from this, the risk-on rally in the US equity markets forced the safe-haven JPY to trim a part of its strong intraday gains and allowed the USD/JPY pair to rebound nearly 250 pips from the vicinity of mid-141.00s to end the day around the 144.00 round figure. "
  • Usd/jpy climbing back into 145.00, clawing back losses after tumble from 147.00. According to FXStreet on Friday, 8 December, "The USD/JPY is back on the rebound for Friday after posting an extreme backslide on Thursday, climbing four-tenths of a percent from the day's opening bids and looking to pare back losses. ", "BoJ Governor Ueda hinted that the BoJ may begin moving to tighten monetary policy if wage growth begins to accelerate heading into 2024, sparking a broad-market bid splurge that sent the USD/JPY tumbling over 4% peak-to-trough on Thursday. "

More news about EUR/CHF (EURCHF).

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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