EUR/CHF - Breaking Resistance At 1.0945
EUR/CHF has finally reached and broken resistance at 1.0945 (12/07/2016 low). A significant support lies at 1.0794 (06/07/2016 low). Selling pressures are certainly very important at this level. Expected to decline.
In the longer term, the technical structure remains positive. Resistance can be found at 1.1200 (04/02/2015 high). 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).