Buying pressures continues.
(By Yann Quelenn)
• EUR/CHF is still trading above psychological
level at 1.1000. Selling pressures are very weak at
the moment. Hourly support is located at a
distance at 1.0922 (30/06/2017 low). Expected to
inch higher.
• 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).
