(26 JUNE 2017)EUR / CHF:Heading lower.

(26 JUNE 2017)EUR / CHF:Heading lower.

26 June 2017, 13:45
Jiming Huang


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)

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