- Analytics
- News and Tools
- Market News
- EUR/CHF: Bullish momentum intact – SocGen
EUR/CHF: Bullish momentum intact – SocGen
Economists at Société Générale note that the EUR/CHF pair retains bullish momentum after Swiss inflation data came below forecast.
Last week’s low of 0.9500/0.9470 is an important support near term
Another downward surprise for Switzerland's CPI today for February will amp up expectations of a rate cut by the SNB this month. President Jordan who announced last week he will step down in September, said the policy target has been reached.
Upward momentum in EUR/CHF is intact.
Daily MACD has entered positive territory highlighting prevalence of upward momentum.
Last week’s low of 0.9500/0.9470 is an important support near term; defence of this zone could lead to persistence in up move.
Beyond 0.9610, next objectives could be located at last September/November highs of 0.9680 and 0.9775.
© 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
