EUR/CHF has broken out above the sideways range since October affirming extension in up move. Economists at Société Générale expect the pair to extend its advance.
“The pair is expected to head higher gradually towards 1.0130 and projections of 1.0240/1.0260; this could be an interim resistance zone.”
“Upper end of previous consolidation zone and the 200-Day Moving Average at 0.9970/0.9950 is likely to be an important support near term.”
See: EUR/CHF could extend its advance back to levels between 1.02 and 1.04 – MUFG
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