EUR/CHF: Retest of the 50-DMA near 0.9810 is on the cards – SocGen

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7 June 2023

EUR/CHF: Retest of the 50-DMA near 0.9810 is on the cards – SocGen

Economists at Société Générale analyze EUR/CHF technical outlook.

0.9670 is key support before 0.9600

A rebound is taking shape; retest of the 50-Day Moving Average near 0.9810 is not ruled out. It would be interesting to see if the pair can overcome the trend line drawn since 2021 near the 0.9900 level; this is an important hurdle.

If the EUR/CHF pair is unable to defend 0.9670, there would be risk of an extended downtrend. Next potential supports could be at projections of 0.9600/0.9575.

Currencies. Daily history for Wednesday, June 7, 2023

Commodities. Daily history for Tuesday, June 6, 2023

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