Heading lower.
• EUR/CHF's bearish pressures are definitely on.
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)
