Swiss Franc: Weakens as Euro tests triangle resistance – Societe Generale
Societe Generale technical analysts note that EUR/CHF has moved above its 200-DMA and is challenging resistance defined by the March and April highs. The pair is attempting to break the upper boundary of an ascending triangle, opening scope for a larger up-move toward 0.9320 and the December 2025 peak at 0.9380/0.9400, while failure to hold above the 200-DMA risks renewed decline.
Ascending triangle breakout risk
"EUR/CHF has moved above its 200-DMA and is now challenging a key resistance marked by the March/April highs."
"The pair is also attempting to cross the upper boundary of a pattern resembling an ascending triangle, suggesting possibility of a larger up move."
"The next objectives could be located at projections of 0.9320 and the peak of December 2025 at 0.9380/0.9400."
"There would be a risk of resumption in decline if the pair fails to hold above the 200-DMA (currently near 0.9215)."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)