EUR/CHF rebounds sharply from 2024 lows – Société Générale
Source Fxstreet
EUR/CHF has bounced strongly off the 0.9210 floor, reclaiming the 200-DMA and pushing into a major trendline near 0.9400, with a key resistance band at 0.9445–0.9500 now coming into focus, Société Générale's FX analysts note.
Resistance looms at 0.9445–0.9500 zone
"EUR/CHF has staged a sharp rebound after testing the key graphical level at 0.9210, which marks the 2024 lows. The pair has crossed the 200-DMA and is probing a multi-month descending trendline (near 0.9400). Ongoing bounce may extend in short-term."
"The August peak at 0.9445/0.9500 could be an important resistance zone. It will be interesting to see if the pair can overcome this hurdle. The 200-DMA at 0.9360 is first support."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Solana Price Forecast: ETF Demand and Derivatives Flows Fuel a Sharper ReboundSolana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
Solana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
Bitcoin consolidates above $92,000 and the 100-hour SMA as traders eye a breakout toward $96,450 or a potential retracement to $90,500 support.
Bitcoin experiences significant volatility, dropping toward $87,000 ahead of a crucial Federal Reserve interest-rate decision.
EMJ Capital CEO Eric Jackson predicts Bitcoin could hit $50 million by 2041, arguing it will replace the Eurodollar system as the neutral collateral layer for global sovereign debt.
Gold Price Forecast: XAU/USD edges lower below $4,200 amid worries about hawkish Fed rate cutGold Price (XAU/USD) trades in negative territory around $4,195 during the early Asian session on Tuesday. The precious metal edges lower amid concerns that the US Federal Reserve (Fed) will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday.
Gold Price (XAU/USD) trades in negative territory around $4,195 during the early Asian session on Tuesday. The precious metal edges lower amid concerns that the US Federal Reserve (Fed) will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday.
