(09 OCTOBER 2017)EUR / CHF:Riding short-term uptrend.

(09 OCTOBER 2017)EUR / CHF:Riding short-term uptrend.

9 October 2017, 13:50
Jiming Huang
0
22

ec

Riding short-term uptrend.

(By Yann Quelenn)

• EUR/CHF is trading into a new short-term 

trend. Yet momentum is not "that" strong at the 

moment. Strong resistance lies at a distance at 

now at 1.1623 (22/09/2017 high). Support is given 

at 1.1388 (02/09/2017 low). Downside risk is very 

likely. 

• 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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