Monitoring uptrend channel.
(By Yann Quelenn )
• EUR/CHF is testing support implied by the
lower bound of the uptrend channel. Hourly
resistance is given at 1.1737 (01/12/2017 high).
Expected to show continued decline.
• 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).