EUR/CHF: Potential support is located at 0.9250/0.9210 – Societe Generale
FXStreetFeb 27, 2025 10:54 AM
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."
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