Profit-taking.
(Yann Quelenn)
• EUR/CHF's buying pressures are fading and
selling pressures arise. Hourly support is located
at a distance at 1.1412 (04/08/2017 low).
Expected to show further downside pressures
towards 1.1400.
• In the longer term, the technical structure has
reversed. Resistance at 1.1200 (04/02/2015 high)
has been broken. 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).
