EUR/CHF: Potential support is located at 0.9250/0.9210 – Societe Generale
Source Fxstreet
EUR/CHF has retracted after facing strong resistance at last September high of 0.9510, Societe Generale's FX analysts report.
A short-term bounce is likely towards 0.9460
"Daily MACD has dipped within negative territory denoting lack of steady upward momentum. First support is located at January trough of 0.9325. A short-term bounce is likely towards 200-DMA at 0.9460. If the pair fails to overcome the Moving Average, the phase of pullback could extend."
"Below 0.9325, next potential support is located at the graphical levels of 0.9250/0.9210 representing the lows 2023/2024."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Uniswap Price Forecast: UNI flashes bullish reversal signal as buyers step inUniswap (UNI) price stabilized at around $6.18 on Friday after rallying over 26% the previous day. On-chain metrics, such as UNI’s Total Value Locked (TVL), Open Interest (OI), and token volume, further support the bullish thesis.
Uniswap (UNI) price stabilized at around $6.18 on Friday after rallying over 26% the previous day. On-chain metrics, such as UNI’s Total Value Locked (TVL), Open Interest (OI), and token volume, further support the bullish thesis.
BNB price is consolidating above the $640 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $640 support
Dogecoin started a fresh increase and climbed above the $0.2320 zone against the US Dollar. DOGE is now correcting gains and approaching $0.2180. DOGE price started a fresh increase above the $0.220
The EUR/USD pair ticks higher at the start of a new week amid a softer US Dollar (USD), though it lacks bullish conviction and remains below the 1.1200 round figure through the Asian session.
EUR/USD Price Forecast: Tests descending channel’s upper boundary near 1.1250EUR/USD remains steady after registering more than 0.50% gains in the previous session, trading around 1.1240 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a bearish bias is in play, as the pair continues to trade lower within a descending channel pattern.
EUR/USD remains steady after registering more than 0.50% gains in the previous session, trading around 1.1240 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a bearish bias is in play, as the pair continues to trade lower within a descending channel pattern.
Related Instrument
