EUR/CHF: A return to 200-DMA at 0.9713 still appears ambitious – SocGen

EUR/CHF shuffled sideways most of last week after scaling a new November high of 0.9685. Economists at Société Générale analyze the pair’s outlook.

Bearish price action has been observed in EUR/CHF in December in six of the last seven years

Bearish price action has been observed in EUR/CHF in December in six of the last seven years thanks outperformance of the Franc vs the USD over the EUR. 

A return to 0.9713 (200-DMA) still appears ambitious with a push in EUR/USD above 1.10.