Bouncing on and off.
• EUR/CHF is back lower. Despite the sharp
increase and the recent bullish breakout which is
very likely psychological, we believe that the
medium-term pattern suggests us to see at
some point renewed bearish pressures towards
key support that can be found at 1.0623
(24/06/2016 low).
• 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 Yann Quelenn )
