EUR/CHF to rebound from 1.05 towards the 1.07 level – SocGen

EUR/CHF is drifting in the direction of 2020 low of 1.0500, If the pair holds above here, we may want to see a rebound toward 1.0700, in accordance to economists at Société Générale.

1.0500 to provide a stable support
“EUR/CHF is progressively drifting closer to the low of 2020 close to 1.0500. This should be a sizable support.”

“Defending it can end result in a rebound, August low of 1.0700 would be first layer of resistance.”

EUR/CHF is drifting closer to 2020 low of 1.0500, If the pair holds above here, we should see a rebound toward 1.0700, in accordance to economists at Société Générale.

1.0500 to provide a stable support
“EUR/CHF is steadily drifting toward the low of 2020 close to 1.0500. This ought to be a extensive support.”

“Defending it can end result in a rebound, August low of 1.0700 would be first layer of resistance.”

EUR/CHF is drifting toward 2020 low of 1.0500, If the pair holds above here, we ought to see a rebound in the direction of 1.0700, in accordance to economists at Société Générale.

1.0500 to provide a strong support
“EUR/CHF is progressively drifting in the direction of the low of 2020 close to 1.0500. This ought to be a huge support.”

“Defending it can end result in a rebound, August low of 1.0700 would be first layer of resistance.”

 

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