(12 JUNE 2017)EUR / CHF:Pausing on short-squeeze.

(12 JUNE 2017)EUR / CHF:Pausing on short-squeeze.

12 June 2017, 14:36
Jiming Huang


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)

Share it with friends: