- Analytics
- News and Tools
- Market News
- EUR/CHF to see a meaningful bounce on a break above 1.09 - SocGen
EUR/CHF to see a meaningful bounce on a break above 1.09 - SocGen
FXStreet reports that economists at Société Générale expect EUR/CHF to extend its rebound on a break above the 1.0870/1.0900 region.
“A sharp rebound has taken shape and the EUR/CHF pair is heading towards the potential resistance zone of 1.0870/1.0900 representing June low and the 200-DMA. This hurdle must be overcome for a meaningful bounce.”
“Failure to hold above 1.0770, the 61.8% retracement of the rebound can lead to revisit of recent low at 1.0718/1.0700.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
