(14 AUGUST 2017)EUR / CHF:Bouncing higher.

(14 AUGUST 2017)EUR / CHF:Bouncing higher.

14 August 2017, 13:55
Jiming Huang
0
27

ec


Bouncing higher.

(Yann Quelenn )

• EUR/CHF's short-term buying pressures are 

back on. Hourly support is now located at 1.1260 

(04/08/2017 low). Expected to show continued 

increase. 

• In the longer term, the technical structure has 

reversed. Strong 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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