(19 JUNE 2017)EUR / CHF:Failing to hold above 1.0900.

(19 JUNE 2017)EUR / CHF:Failing to hold above 1.0900.

19 June 2017, 14:00
Jiming Huang
0
22

ec


Failing to hold above 1.0900.

• EUR/CHF's bearish pressures are back. Yet, 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)

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