(15 MAY 2017)EUR / CHF:Fading below 1.1000.

(15 MAY 2017)EUR / CHF:Fading below 1.1000.

15 May 2017, 14:02
Jiming Huang
0
27

EC

Fading below 1.1000.

• EUR/CHF's volatility is getting stronger. 

Resistance given is given at 1.0978 (09/05/2017 

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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