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via fxstreet.comMarkets

Swiss Franc: further gains hinge on euro resistance, says Societe Generale

FROM THE WIRE · FXSTREET.COM

Societe Generale’s technical team notes EUR/CHF has broken a multi-month ascending trend line and briefly slipped below its 200-day moving average, forming an interim low near 0.9195. They see a rebound developing but stress the importance of reclaiming 0.9335/0.9370.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralTechnical analysis points to a possible EUR/CHF rebound, conditional on reclaiming key levels.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01EUR/CHF broke a multi-month ascending trend line.
  2. 02The pair briefly slipped below its 200-day moving average.
  3. 03The interim low is near 0.9195.
  4. 04Reclaiming 0.9335/0.9370 is seen as important.

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