(31 JULY 2017)EUR / CHF:Consolidating around 1.14.

(31 JULY 2017)EUR / CHF:Consolidating around 1.14.

31 July 2017, 13:37
Jiming Huang
0
20

ec


Consolidating around 1.14.

(Yann Quelenn )

• EUR/CHF's buying pressures are very 

important and is trading below 1.14. Hourly 

support is located at a distance at 1.0984 

(13/07/2017 low). Road is wide-open for further 

strengthening. 

• 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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