EUR/CHF forms higher trough, signaling easing downward momentum – Société Générale

Source Fxstreet

EUR/CHF has established a higher trough near 0.9270 and is challenging the 200‑DMA and multi-year descending trendline. A successful break above 0.9400 could trigger further gains toward 0.9445–0.9485, Société Générale's FX analysts note.

Break above 0.9400 could unlock gains toward 0.9485

"EUR/CHF recently formed a higher trough near 0.9270 compared with the November low at 0.9170, indicating receding downward momentum. The pair is now challenging the 200‑DMA, which has capped several rebound attempts throughout 2025. It is also approaching a multi‑year descending trendline resistance near 0.9365/0.9400."

"It will be important to observe whether EUR/CHF can establish itself above this resistance zone. A breakout beyond 0.9400 could lead to an extended rebound towards the August 2025 peak of 0.9445 and projections near 0.9485. Defence of the recent trough at 0.9270 is crucial for persistence in bounce."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Trump TACO Trade Saves Market, But Who Are the First Victims of the TACO Trade? As U.S. President Trump once again signaled a de-escalation of tensions in the Middle East, global markets swiftly entered "TACO trade" mode: risk assets rallied, safe-haven assets retrea
Author  TradingKey
13 hours ago
As U.S. President Trump once again signaled a de-escalation of tensions in the Middle East, global markets swiftly entered "TACO trade" mode: risk assets rallied, safe-haven assets retrea
placeholder
WTI rises back above mid-$90.00s amid Middle East tensions and supply risksWest Texas Intermediate (WTI) Crude Oil prices gain traction in Asian trading Tuesday, building on Monday’s rebound from the $84.00 mark, a near two-week low. The commodity climbs above the mid-$90.00s, supported by supply fears.
Author  FXStreet
21 hours ago
West Texas Intermediate (WTI) Crude Oil prices gain traction in Asian trading Tuesday, building on Monday’s rebound from the $84.00 mark, a near two-week low. The commodity climbs above the mid-$90.00s, supported by supply fears.
placeholder
Gold Suffers Epic Plunge, March Cumulative Decline Exceeds 20%. Has Gold Become a Risk Asset?At 3:21 AM Beijing time during the Asian trading session, Spot gold (XAUUSD) fell nearly 9% intraday, at one point dropping below the $4,100 per ounce mark. This not only erased all gains
Author  TradingKey
Yesterday 10: 58
At 3:21 AM Beijing time during the Asian trading session, Spot gold (XAUUSD) fell nearly 9% intraday, at one point dropping below the $4,100 per ounce mark. This not only erased all gains
placeholder
Iran threatens to completely close Strait of Hormuz if US bombs power plantsIran’s Islamic Revolutionary Guard Corps (IRGC) said that it will completely shut the strait if US President Donald Trump proceeds with his threats to target Iranian energy facilities, the Guardian reported on Monday.
Author  FXStreet
Yesterday 01: 46
Iran’s Islamic Revolutionary Guard Corps (IRGC) said that it will completely shut the strait if US President Donald Trump proceeds with his threats to target Iranian energy facilities, the Guardian reported on Monday.
placeholder
$180 Oil Prices Imminent? Saudi Arabia Warns: Crisis to Last Until Late April, Oil Prices Will Break Historic HighsThe continuous escalation of geopolitical conflicts in the Middle East is pushing global energy markets toward their most severe test in nearly 20 years.The Wall Street Journal reports th
Author  TradingKey
Mar 20, Fri
The continuous escalation of geopolitical conflicts in the Middle East is pushing global energy markets toward their most severe test in nearly 20 years.The Wall Street Journal reports th
Related Instrument
goTop
quote