Swiss Franc: Do Further Gains Depend on Euro Resistance? - Societe Generale

A developing rebound in EUR/CHF faces a key test at 0.9335/0.9370, according to Societe Generale’s technical team. The pair broke below a multi-month ascending trend line and briefly traded beneath its 200-day moving average before establishing an interim low near 0.9195. The team stresses that a failure to reclaim the resistance zone could prolong the pullback towards 0.9140 and the May 2025 low at 0.9095.

Can EUR/CHF reclaim resistance to sustain its rebound?

"EUR/CHF has extended its pullback after breaching a multi-month ascending trend line. The pair briefly dipped below the 200-DMA and carved out an interim low near 0.9195."

"A rebound is taking shape; however, it will be important to observe whether EUR/CHF can reclaim the recent pivot high at 0.9335/0.9370."

"An inability to overcome this resistance may lead to a continuation of the pullback."

"Below 0.9195, the next objectives could be located at projections of 0.9140 and May 2025 low near 0.9095."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)