EUR/CHF: Break above 1.0440 is essential for further up move – SocGen

Market news

2 February 2022

EUR/CHF: Break above 1.0440 is essential for further up move – SocGen

EUR/CHF has bounced towards the daily Ichimoku cloud at 1.0440. A break above here is needed to see further gains towards the low of 2020 near 1.0510, economists at Société Générale report.

Initial support seen at 1.0325

“The 1.0440 resistance must be crossed for an extended rebound towards the low of 2020 near 1.0510.”

“December low of 1.0325 is first support.”

Currencies. Daily history for Wednesday, February 2, 2022

Commodities. Daily history for Tuesday, February 1, 2022

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