EUR/CHF - Downside Momentum
EUR/CHF is riding the downtrend channel. The short-term technical structure remain negative. Hourly support lies at 1.0733 (16/10/2015 low). Hourly resistance can be found at 1.0982 (25/08/2015 high). Expected to fall below 1.0800.
The EUR/CHF is digesting its 15 January sharp decline. A key resistance stands at 1.1002 (02/09/2011 low). 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).