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
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading sideways within consolidation ranges on Friday, signaling a lack of directional bias in the broader crypto market.
West Texas Intermediate (WTI) US Crude Oil prices reverse a modest Asian session dip to sub-$66.00 levels and climb back closer to the highest level since August 4, touched earlier this Friday.
Gold price (XAU/USD) holds positive ground near $5,000 during the early Asian session on Friday. The precious metal edges higher as escalating tensions between the United States (US) and Iran boost safe-haven demand.
West Texas Intermediate (WTI) Oil price gains ground and is trading around $65.70 per barrel during the European hours on Thursday.
Silver Price Forecast: XAG/USD rises to near $78.00 on safe-haven demandSilver price (XAG/USD) extends its gains for the second successive session, trading around $78.00 per troy ounce during the Asian hours on Thursday. The precious metal Silver receives support from rising safe-haven demand amid persistent tensions between the United States (US) and Iran.
Silver price (XAG/USD) extends its gains for the second successive session, trading around $78.00 per troy ounce during the Asian hours on Thursday. The precious metal Silver receives support from rising safe-haven demand amid persistent tensions between the United States (US) and Iran.
Related Instrument
