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."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Congressional Stock Trades: Unlock the Wealth Code of U.S. Politicians on Capitol Hill
TradingKey - In the U.S. capital markets, beyond the savvy strategists at major institutions like Goldman Sachs, Morgan Stanley, and JPMorgan, a group of U.S. Congress members has investors’ attention with their market acumen and performance — earning them the nickname "Congressional Stock Gods."TradingKey
20 hours ago
Alphabet’s AI Empire: The $75B Power Move
TradingKey - Alphabet (GOOG) (GOOGL) is rewriting its future with AI at the center—transforming from a search-first ad giant into a vertically integrated AI powerhouse.TradingKey
23 hours ago
Tesla in 2025: Brilliance, Bottlenecks, and the Billion-Dollar Question
TradingKey - As Tesla (TSLA) ventures deeper into 2025, the electric vehicle (EV) behemoth is caught between two powerful currents—one pulling it forward with promise, and another pulling it back with sobering reality.TradingKey
23 hours ago
