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