Further sideways consolidation likely.
(By Yann Quelenn )
• EUR/CHF has sharply declined near the
resistance area between 1.1356 and 1.1472
Further medium-term sideways moves are
favoured. Expected to show further sideways
• 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).