EUR/CHF: A return to 200-DMA at 0.9713 still appears ambitious – SocGen

Market news

28 November 2023

EUR/CHF: A return to 200-DMA at 0.9713 still appears ambitious – SocGen

EUR/CHF shuffled sideways most of last week after scaling a new November high of 0.9685. Economists at Société Générale analyze the pair’s outlook.

Bearish price action has been observed in EUR/CHF in December in six of the last seven years

Bearish price action has been observed in EUR/CHF in December in six of the last seven years thanks outperformance of the Franc vs the USD over the EUR.

A return to 0.9713 (200-DMA) still appears ambitious with a push in EUR/USD above 1.10.

Brazil Mid-month Inflation increased to 0.33% in November from previous 0.21%

RBNZ Preview: Forecasts from seven major banks, pushing back against rate cuts

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.