TMGM
Market News
EUR/CHF breaks 2024 lows as downtrend deepens – Société Générale
EUR/CHF has slipped below its 2024 and October lows after failing at the 0.93 trend-line resistance, with bearish momentum suggesting the downtrend may extend toward 0.9170/0.9160 and potentially 0.9100, Société Générale's FX analysts note.

EUR/CHF has slipped below its 2024 and October lows after failing at the 0.93 trend-line resistance, with bearish momentum suggesting the downtrend may extend toward 0.9170/0.9160 and potentially 0.9100, Société Générale's FX analysts note.

EUR/CHF rejection at 0.93 signals further losses

"EUR/CHF encountered strong resistance near a multi-month descending trend line at 0.9330 earlier this month (now at 0.9300) resulting in a sharp decline. It has breached the lows of 2024 and October."

"Daily MACD remains anchored within negative territory highlighting prevalence of downward momentum. The phase of downtrend could extend towards next projections at 0.9170/0.9160 and 0.9100. The trend line near 0.9300 may cap short-term upside."

Explore More Tools
Trading Academy
Browse a wide range of educational articles covering trading strategies, market insights, and financial fundamentals, all in one place.
Learn More
Courses
Explore structured trading courses designed to support your growth at every stage of your trading journey.
Learn More
Webinar
Join live and on-demand webinars to gain real-time market insights and trading strategies from industry experts.
Learn More