EUR/CHF: Recent pivot low at 0.9350 is crucial support – Societe Generale
Source Fxstreet
EUR/CHF forms a series of higher peaks and troughs after defending the crucial graphical support of 0.9250/0.9210, Societe Generale's FX analysts report.
An initial pullback is under way
"EUR/CHF has formed a series of higher peaks and troughs after defending the crucial graphical support of 0.9250/0.9210 representing lows of December 2023 / August 2024."
"It has retested the upper limit of the range since last September at 0.9510 and attempted cross above 200-DMA. An initial pullback is under way; recent pivot low at 0.9350 is crucial support. Overcoming 0.9510 can lead to extension in up move towards projections of 0.9560/0.9580 and 0.9670."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Here is what you need to know on Monday, May 25:
Silver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
The US President Donald Trump administration said that Trump will swear in Kevin Warsh as the chair of the US Federal Reserve (Fed) on Friday at the White House, Reuters reported on Thursday.
Nvidia Q1 Revenue Surges 85%, Data Center Business Accounts for 90%, Blowout Results Fail to Stop Stock VolatilityAs the absolute leader in the global AI industry chain, NVIDIA ( NVDA) delivered a quarterly earnings report that surpassed Wall Street's general expectations as anticipated.After the mar
As the absolute leader in the global AI industry chain, NVIDIA ( NVDA) delivered a quarterly earnings report that surpassed Wall Street's general expectations as anticipated.After the mar
Related Instrument
