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EUR/CHF - Bearish Pullback

USD/CHF made a sharp bearish intra day reversal at 0.9957 (29/10/2015 high), which is likely to cap prices in the short-term. After a brief consolidation period the pair should be ready to challenge psychological resistance at 1.0000. Hourly support is given at 0.9476 (15/10/2015 low). Expected to show continued strengthening.

In the long-term, the pair has broken resistance at 0.9448 suggesting the end of the downtrend. This reinstates the bullish trend. Key support can be found 0.8986 (30/01/2015 low)

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