- EUR/CHF: A break of 200-DMA at 0.9569 could hasten the rally towards November highs at 0.9685 – SocGen
Market news
27 February 2024
EUR/CHF: A break of 200-DMA at 0.9569 could hasten the rally towards November highs at 0.9685 – SocGen
EUR/CHF moves one step closer to 200-Day Moving Average (DMA) of 0.9569. Economists at Société Générale analyze Euro’s outlook.
EUR/USD: Further gains could be in the offing into month-end
EUR/USD has done well to haul itself back up to 1.0850 and further gains could be in the offing into month-end.
Keep an eye on EUR/CHF as the cross drifts ever closer to the 200-DMA at 0.9569. A break could potentially hasten the rally towards November highs at 0.9685.
The change in mood is reflected also in options where 1-month RR (EUR calls/CHF puts) is on the verge of turning positive (premium for EUR calls) for the first time since January 2023.
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