EUR/CHF - Increasing Selling Pressures
EUR/CHF is digesting the recent massive selloff. The recent succession of lower highs suggests increasing selling pressures. An hourly support lies at 0.9848, while a key support stands at 0.9715. Hourly resistances can be found at 1.0137 (21/01/2015 high) and 1.0250.
The EUR/CHF is again a free-floating currency and has declined to uncharted water. With the upcoming ECB's decision on 22 January, persistent selling pressures are likely to remain on EUR/CHF. The 15 January low at 0.8517 is a key support, which should hold in the coming months. A closer key support stands at 0.9715.