(04 DECEMBER 2017)EUR / CHF:Continued increase.

(04 DECEMBER 2017)EUR / CHF:Continued increase.

4 December 2017, 12:56
Jiming Huang
0
9
chf

Continued increase.

(By Yann Quelenn)

• EUR/CHF continues to push towards resistance

area above 1.17 and support given at 1.1610

(27/10/2017 low). Expected to show continued

increase.

• 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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