(07 AUGUST 2017)EUR / CHF:Profit-taking.

(07 AUGUST 2017)EUR / CHF:Profit-taking.

7 August 2017, 13:47
Jiming Huang
0
20

ec


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).

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