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).
