(28 AUGUST 2017)EUR / CHF:Consolidation around 1.14.

(28 AUGUST 2017)EUR / CHF:Consolidation around 1.14.

28 August 2017, 13:39
Jiming Huang
0
20

ec

Consolidation around 1.14.

(By Yann Quelenn)

• EUR/CHF recovery bounce has stalled below 

downtrend resistance located at 1.1407. Hourly 

support is located at 1.1260 (04/08/2017 low). 

Expected to show further consolidation. 

• 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).


Share it with friends: