(22 MAY 2017)EUR / CHF:Continued weakness.

(22 MAY 2017)EUR / CHF:Continued weakness.

22 May 2017, 14:14
Jiming Huang
0
23

EC

Continued weakness.

• EUR/CHF is getting lower. Despite the sharp 

increase and the recent bullish breakout which 

was 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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