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
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investorsEthereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Bitcoin's plunge to $70K triggers a $775M leverage washout, driving a capital rotation into quantum-secure infrastructure project BMIC as investors seek uncorrelated alpha.
Precious metals' volatility mirrored Bitcoin's downturn as it targets lower price points.
Related Instrument
