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EUR/CHF Bearish Momentum: 0.94% Down In The Last 10 Sessions

ViaNews Editorial Team

September 3, 2024

EUR/CHF Bearish Momentum: 0.94% Down In The Last 10 Sessions

(VIANEWS) - EUR/CHF (EURCHF) has been up by 0.94% for the last 10 sessions. At 06:06 EST on Tuesday, 3 September, EUR/CHF (EURCHF) is $0.94.

EUR/CHF's yearly highs and lows, it's 4.175% up from its 52-week low and 5.267% 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 oversold (<=20).

News about

  • According to FXStreet on Monday, 2 September, "However, two-year EUR:USD interest rate swap differentials are still trading inside of 100bp and support EUR/USD trading around 1.10/1.11. ", "If not, the case builds further that EUR/USD remains a 1.05-1.11 story until further notice."
  • Eur/usd finds floor to arrest pullback, but downside pressures remain. According to FXStreet on Monday, 2 September, "Despite holding deep in bull country, EUR/USD is still facing a steepening bearish pullback as shorts congregate targets just above the 50-day EMA at 1.0956."

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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