Buying demand.
(By Yann Quelenn )
• EUR/CHF's buying pressures are going up and
the pair has broken resistance area between
1.1356 and 1.1472. Further medium-term
sideways moves are favoured.
• In the longer term, the technical structure has
reversed. Strong resistance is given at 1.20 (level
before the unpeg). Yet, the ECB's QE
programme is likely to cause persistent selling
pressures on the euro, which should weigh on
EUR/CHF. Supports can be found at 1.0184
(28/01/2015 low) and 1.0082 (27/01/2015 low).
