(30 OCTOBER 2017)EUR / CHF:Back within former uptrend channel.

(30 OCTOBER 2017)EUR / CHF:Back within former uptrend channel.

30 October 2017, 12:42
Jiming Huang
0
18

ec


Back within former uptrend channel.

(By Yann Quelenn )

• EUR/CHF is back within former uptrend

channel. Support is given at 1.1610 (intraday

low). Rising channel suggests further bullish

momentum.

• 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: