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Swiss franc weakens as EUR/CHF tests key resistance

Societe Generale’s analysts said EUR/CHF moving above its 200-day moving average is needed to prevent a renewed decline, while a breakout targets 0.9320.

Reported · Written up by our desk · Major Pairs

The Swiss franc weakened as EUR/CHF moved above its 200-day moving average and challenged a resistance zone defined by March and April highs, according to technical commentary from Societe Generale.

EUR/CHF was attempting to break the upper boundary of an ascending triangle pattern, which the analysts said could open the door to a larger upswing toward 0.9320.

They added that the December 2025 peak at 0.9380 to 0.9400 is in focus if the move holds.

However, failure to stay above the 200-DMA could trigger renewed selling and a return to downside pressure, the analysts warned.

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