(04 SEPTEMBER 2017)EUR / CHF:Uptrend line holds

(04 SEPTEMBER 2017)EUR / CHF:Uptrend line holds

4 September 2017, 14:22
Jiming Huang


Uptrend line holds. 

(By Peter Rosenstreich)

• EUR/CHF uptrend is supporting the pair bullish

momentum. Hourly resistance lies at 1.1538 

(04/08/2017 high). Hourly support is located at 

1.1260 (04/08/2017 low). Expected to show 

further bullish consolidation. 

• In the longer term, the technical structure has 

reversed. Strong resistance is given at 1.20 (level 

before the unpeg). 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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