- EUR/CHF: Extended uptrend not ruled out on a break past 0.9850/0.9880 hurdle – SocGen
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22 June 2023
EUR/CHF: Extended uptrend not ruled out on a break past 0.9850/0.9880 hurdle – SocGen
EUR/CHF has staged a steady rebound. Economists at Société Générale analyze the pair's technical outlook.
Holding 0.9670 critical for persistence in up move
EUR/CHF is not far from the 200-Day Moving Average and more importantly, the trend line drawn since 2021 near 0.9850/0.9880 which is a crucial resistance zone. It would be interesting to see if the pair can establish beyond this hurdle. Should this break materialize, an extended uptrend is not ruled out.
Defence of 0.9670 is crucial for persistence in up-move.
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