Recovery gains strength.
(By Yann Quelenn )
• EUR/CHF's short-term bullish pressures are
definitely on after clear break of downtrend
channel. Hourly support is located at a distance
at 1.0792 (03/05/2017 low) while the pair is
heading towards resistance given at 1.0987
• 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).