(21 NOVEMBER 2017)EUR / CHF:Strengthening.

(21 NOVEMBER 2017)EUR / CHF:Strengthening.

21 November 2017, 12:53
Jiming Huang
0
15

ec


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)

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