(17 APRIL 2017):EUR / CHF:Moving sideways.

(17 APRIL 2017):EUR / CHF:Moving sideways.

18 April 2017, 13:55
Jiming Huang
0
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EURCHF


Moving sideways. 

• EUR/CHF remains weak as can be seen by the 

succession of lower highs and lower lows. Hourly 

resistances can be found at 1.0691 (07/04/2017 

high). The medium-term pattern suggests us to 

see continued bearish pressures towards key 

support that can be found at 1.0623 (24/06/2016 

low). Expected to see further decline. 

• In the longer term, the technical structure is 

mixed. Resistance can be found at 1.1200 

(04/02/2015 high). 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).

(By Peter Rosenstreich )

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