EUR/CHF: Tests Key Support at 0.9210 – Société Générale
Source Fxstreet
EUR/CHF is testing a critical support level at 0.9210 after losing the 200-DMA earlier this month. A sustained break lower could open the door to deeper declines towards 0.9155 and 0.9050/0.9025, while resistance looms near the 200-DMA at 0.9410/0.9430, Société Générale's FX analysts note.
Break below range could trigger further losses
"EUR/CHF gave up the 200-DMA earlier this month resulting in a swift decline. It is probing the lower limit of the range withing which it has evolved since last August at 0.9210. This is a crucial support."
"If the pair establishes below 0.9210, the phase of downtrend could extend towards next projections at 0.9155 and 0.9050/0.9025. The 200-DMA at 0.9410/0.9430 is likely to be a short-term resistance zone."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Cryptocurrencies have sustained a buoyant outlook since last week as US President Donald Trump’s tariff war was paused for 90 days, except for China, propping global markets for lifeline relief rallies.
Nvidia Soars 10% on $500B Supercomputer Plans While AI Tokens RNDR, TAO, and FET Rally: Why MIND of Pepe Could Be NextEven while stock markets are mired in uncertainty, AI tokens continue to mount a rebound. Behind the scenes, the crypto AI sector is exploding after fresh announcements from OpenAI and NVIDIA. Could one brainy meme coin, MIND of Pepe, outthink them all? NVIDIA and OpenAI Fuel AI Crypto Rally The AI crypto narrative is heating […]
Even while stock markets are mired in uncertainty, AI tokens continue to mount a rebound. Behind the scenes, the crypto AI sector is exploding after fresh announcements from OpenAI and NVIDIA. Could one brainy meme coin, MIND of Pepe, outthink them all? NVIDIA and OpenAI Fuel AI Crypto Rally The AI crypto narrative is heating […]
As Bitcoin (BTC), the leading cryptocurrency, reclaims the crucial $85,000 mark on Monday, top analysts are projecting heightened volatility in the market for the coming week.
EUR/USD turns sideways while Trump’s erratic tariff announcements keep USD on backfootEUR/USD demonstrates a sideways trend near 1.1350 during European trading hours on Tuesday after a sharp run-up in the last few trading days. The major currency pair consolidates as the US Dollar (USD) gains a temporary cushion after remaining under pressure for over a week.
EUR/USD demonstrates a sideways trend near 1.1350 during European trading hours on Tuesday after a sharp run-up in the last few trading days. The major currency pair consolidates as the US Dollar (USD) gains a temporary cushion after remaining under pressure for over a week.
USD/CAD Price Forecast: Support appears at 1.3850 with potential corrective reboundsThe USD/CAD pair extends its decline for the fifth consecutive session, hovering around 1.3860 during European trading on Tuesday. Daily chart technical analysis highlights a dominant bearish trend, with the pair trending lower within a descending channel formation.
The USD/CAD pair extends its decline for the fifth consecutive session, hovering around 1.3860 during European trading on Tuesday. Daily chart technical analysis highlights a dominant bearish trend, with the pair trending lower within a descending channel formation.
Related Instrument
