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).
