(11 SEPTEMBER 2017)EUR / CHF:Further sideways consolidation likely.

(11 SEPTEMBER 2017)EUR / CHF:Further sideways consolidation likely.

11 September 2017, 13:39
Jiming Huang
0
9

ec

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 

moves. 

• 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).


Share it with friends: