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Economists at Société Générale analyze EUR/CHF technical outlook. 0.9670 is key support before 0.9600 A rebound is taking shape; retest of the 50-Day Moving Average near 0.9810 is not ruled out. It would be interesting to see if the pair can overcome the trend line drawn since 2021 near the 0.9900 level; this is an important hurdle. If the EUR/CHF pair is unable to defend 0.
GBP/USD has shown a recovery move from 1.2400 as the USD index has fallen into a volatility contraction phase. Market mood has turned cautious amid an absence of potential triggers this week. UK economy is facing the issue of labor shortages after the Brexit event and early retirement taken by several individuals.
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