Pausing on short-squeeze.
• EUR/CHF is trading lower. The pair has broken
support given at 1.0866 (18/05/2017 low). We
believe that the medium-term pattern suggests
us to see continued bearish pressures towards
hourly support that can be found at 1.0792
(03/05/2017 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)
