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fxJun 9, 2026, 10:05 AM

EUR/CHF Tests Key Resistance Band Near 200-Day MA – Societe Generale

Societe Generale notes EUR/CHF has formed a higher low near 0.9090, signaling reduced downside momentum as it approaches its 200-day moving average and a multi-year descending trendline.

EURCHF

Societe Generale strategists led by Kenneth Broux observe that EUR/CHF has printed a higher low around 0.9090, compared to March’s low of 0.8980. This pattern suggests a decline in bearish pressure.

The pair is now testing a key resistance zone, which includes its 200-day moving average and a multi-year descending trendline. A break above this band could shift the medium-term outlook.

Source: FXStreet Forex News