(13 NOVEMBER 2017)EUR / CHF:Slight weakness.

(13 NOVEMBER 2017)EUR / CHF:Slight weakness.

13 November 2017, 12:52
Jiming Huang
0
13
ec

Slight weakness.

(By Yann Quelenn)

• EUR/CHF is riding downtrend channel. Support

is given at 1.1610 (27/10/2017 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).

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