(18 DECEMBER 2017)EUR / CHF:Monitoring uptrend channel.

Monitoring uptrend channel.

(By Yann Quelenn )

• EUR/CHF is testing support implied by the

lower bound of the uptrend channel. Hourly

resistance is given at 1.1737 (01/12/2017 high).

Expected to show continued decline.

• 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).