- Analytics
- News and Tools
- Market News
- EUR/CHF to fall back lower again as 200-DMA at 1.0498 caps – Credit Suisse
EUR/CHF to fall back lower again as 200-DMA at 1.0498 caps – Credit Suisse
EUR/CHF is threatening to break higher. The pair is now attempting to challenge the 200-day moving average (DMA) at 1.0498, but analysts at Credit Suisse expect this level to cap to prevent further sustained upside.
Sustained move above 1.0498 to open up the 2022 high at 1.0612
“Although weekly MACD momentum is turning higher and the 55-DMA is also rising, we look for the 1.0498 level to hold into the weekly close for a fall back lower again to 1.0402 at first, before ideally moving back to the late April low at 1.0188/87.”
“A sustained move above 1.0498 would raise a big question mark over the validity of the current downtrend and see scope to move to the 2022 high at 1.0612 next. If reached, we would expect this level to serve as a solid ceiling for a potentially broader 1.06 to parity range.”
© 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
