Swiss Franc: Weakens as Euro tests triangle resistance – Societe Generale

FXStreet2026/07/14 08:24

By:FXStreet

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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)."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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智通财经•2026/09/13 23:41