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EUR/CHF - Pushing Lower

EUR/CHF has broken the key support at 1.0357, confirming persistent selling pressures. Other supports can be found at 1.0184 and 1.0082. Hourly resistances can be found at 1.0411 (intraday high, see also the declining trendline) and 1.0496.

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. Key supports can be found at 1.0357 (30/01/2015 low) and 1.0184 (28/01/2015 low).

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