Breaking uptrend channel
(By Yann Quelenn)
• EUR/CHF is breaking within uptrend channel.
Yet, we need more downside pressures. Strong
resistance is now given at 1.1623 (22/09/2017
high). Expected to show further short-term
• 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).