(24 JULY 2017)EUR / CHF:Pushing higher.

(24 JULY 2017)EUR / CHF:Pushing higher.

24 July 2017, 13:54
Jiming Huang
0
23

ec

Pushing higher.

(By Yann Quelenn )

• EUR/CHF is still trading above psychological

level at 1.1000 and the pair is ready to monitor 

1.1100. Selling pressures are growing below 

1.1100. 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).


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