- Analytics
- News and Tools
- Market News
- EUR/CHF to suffer further falls towards the 1.0620/1.0580 zone – SocGen
EUR/CHF to suffer further falls towards the 1.0620/1.0580 zone – SocGen
EUR/CHF has extended its phase of decline after sliding below 1.07. Economists at Société Générale expect the pair to drop towards the 1.0620/1.0580 region.
Downward momentum is still prevalent
“Break below August trough (1.0700) denotes downward momentum is still prevalent.”
“The pair is likely to head lower towards the lower limit of a multi-month channel at 1.0620/1.0580. Defending this can result in a bounce, however, last week's peak of 1.0765 is likely to cap.”
“Lows of 2020 at 1.0500 could be a significant support.”
© 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
