EUR/CHF stabilizes near key support – Société Générale
Source Fxstreet
EUR/CHF is stabilizing after defending key support levels, with recent price action suggesting a potential base formation. A hold above 0.9290 could open the door to further gains, Société Générale's FX analysts note.
Rebound builds above 0.9290 in EUR/CHF
"EUR/CHF defended last year trough of 0.9210 resulting in a gradual bounce. It has recently carved out a higher low at 0.9290 and appears to be evolving within a base. Defence of 0.9290 could result in persistence of the rebound."
"Next objectives are located at the 200-DMA near 0.9385 and the upper boundary of recent range at 0.9430/0.9445, this is a crucial resistance zone. In case the pair fails to hold above 0.9290, there could be a risk of a deeper downtrend."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
The U.S. dollar remained steady on Tuesday following a shift in President Donald Trump’s harsh stance on tariffs against China.
Asian equity markets struggled to close the week on a weak note Friday, influenced by ongoing losses on Wall Street that extended into early Asian trading.
Oil prices held steady in early Asian trading on Friday following the announcement of a ceasefire between Israel and Hamas.
Bitcoin drops below $110K ahead of $22B options expiry; altcoins tumbleBitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
Bitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
Related Instrument
