- Analytics
- News and Tools
- Market News
- EUR/CHF to enjoy significant gains on a break above 1.0470 – SocGen
EUR/CHF to enjoy significant gains on a break above 1.0470 – SocGen
EUR/CHF is steady at 1.0370. The pair must overcome the 1.0470 mark to stage a meaningful rebound, according to economists at Société Générale.
Failure at 1.0470 to put 1.0260 and 1.0225/10 back in the spotlight
“The pair is now attempting a move beyond a multi-month descending trend line. This could lead to a short-term up move however daily Ichimoku cloud at 1.0470 could provide resistance. This must be overcome for a meaningful rebound.”
“Failure to cross 1.0470 would mean continuation in downtrend towards next projections at 1.0260 and 1.0225/1.0210.”
© 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
