Volatility declines.
• EUR/CHF is trading mixed. Yet the pair is
declining towards support given at 1.0866
(18/05/2017 low). We believe that the mediumterm pattern suggests us to see continued
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)
