• EUR/CHF could strengthen back above 0.9520 Fibo resistance – SocGen

Noticias del mercado

24 octubre 2023

EUR/CHF could strengthen back above 0.9520 Fibo resistance – SocGen

EUR/CHF consolidates above 0.95 after overcoming resistance at 0.9495. Economists at Société Générale analyze the pair’s outlook. 

A rebound is almost entirely dependent on geopolitical fears subsiding

Notwithstanding the positive rate differential between the ECB and SNB, EUR/CHF retreated below 0.9450 and on Friday traded within 7 pips of the 0.9410 low of September 2022. The level is an attractive entry point for Euro longs but a rebound is almost entirely dependent on geopolitical fears subsiding. 

Discussions by the ECB about earlier PEPP tapering could also give EUR/CHF room to strengthen back above 0.9520 Fibo resistance. 

 

Enfoque del mercado
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
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: