Strengthening.
(By Yann Quelenn)
• EUR/CHF has broken key resistance at 1.1711
before bouncing back. Support is given at 1.1610
(27/10/2017 low). Expected to show continued
bullish strengthening.
• 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)
