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
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
Looking ahead, the Federal Reserve's interest rate meeting on 29 October will be a pivotal event shaping gold price trends.
Meta (META), the parent company of Facebook, will report its Q3 2025 earnings after market close on Wednesday.
Despite rising competition from AI-powered browsers, analysts expect Google’s core ad business to grow over 10% again in Q3.
Prediction markets are pricing in a 98% chance that the Federal Reserve (Fed) will deliver a 25 basis point rate cut at its late October meeting.
Related Instrument
