(08 MAY 2017)EUR / CHF:Strong bullish pressures.

(08 MAY 2017)EUR / CHF:Strong bullish pressures.

8 May 2017, 14:12
Jiming Huang
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EC

Strong bullish pressures.

• EUR/CHF's volatility is getting stronger and is 

now targeting resistance given at 1.0898 

(08/12/2017 high). 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 )

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