EUR/CHF rebounds sharply from 2024 lows – Société Générale
Source Fxstreet
EUR/CHF has bounced strongly off the 0.9210 floor, reclaiming the 200-DMA and pushing into a major trendline near 0.9400, with a key resistance band at 0.9445–0.9500 now coming into focus, Société Générale's FX analysts note.
Resistance looms at 0.9445–0.9500 zone
"EUR/CHF has staged a sharp rebound after testing the key graphical level at 0.9210, which marks the 2024 lows. The pair has crossed the 200-DMA and is probing a multi-month descending trendline (near 0.9400). Ongoing bounce may extend in short-term."
"The August peak at 0.9445/0.9500 could be an important resistance zone. It will be interesting to see if the pair can overcome this hurdle. The 200-DMA at 0.9360 is first support."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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