EUR/CHF has the 200-DMA at 1.07 in its crosshairs – SocGen

EUR/CHF has staged a sharp rebound from 1.0300. Analysts at Société Générale expect the pair to challenge the 200-day moving average (DMA) at 1.07 as support at 1.0420 holds.

Short-term support located at 1.0420

“1.0420, the 61.8% retracement of recent bounce is short-term support.”

“Defending the 1.0420 mark, the pair could revisit 200-DMA at 1.0700.”