EUR/CHF forms higher trough, signaling easing downward momentum – Société Générale
EUR/CHF has established a higher trough near 0.9270 and is challenging the 200‑DMA and multi-year descending trendline. A successful break above 0.9400 could trigger further gains toward 0.9445–0.9485, Société Générale's FX analysts note.
Break above 0.9400 could unlock gains toward 0.9485
"EUR/CHF recently formed a higher trough near 0.9270 compared with the November low at 0.9170, indicating receding downward momentum. The pair is now challenging the 200‑DMA, which has capped several rebound attempts throughout 2025. It is also approaching a multi‑year descending trendline resistance near 0.9365/0.9400."
"It will be important to observe whether EUR/CHF can establish itself above this resistance zone. A breakout beyond 0.9400 could lead to an extended rebound towards the August 2025 peak of 0.9445 and projections near 0.9485. Defence of the recent trough at 0.9270 is crucial for persistence in bounce."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bessent: Supreme Court reversal of tariffs is improbable, as they are a key element of Trump’s economic agenda
US Strategic Bitcoin Reserve Stalls Amid Interagency Legal Complications
Large bitcoin investors have accumulated more coins than at any time since the FTX crash in 2022
Trump throws UK automakers into turmoil once again
