(05 JUNE 2017)EUR / CHF:Volatility declines.

(05 JUNE 2017)EUR / CHF:Volatility declines.

5 June 2017, 13:54
Jiming Huang
0
32

ec

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)

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