(03 JULY 2017)EUR / CHF:Recovery gains strength

(03 JULY 2017)EUR / CHF:Recovery gains strength

3 July 2017, 13:46
Jiming Huang
0
21

ec


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 

(12/05/2017 high). 

• 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).

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