• 1,137 days Will The ECB Continue To Hike Rates?
  • 1,137 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,139 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,539 days Could Crypto Overtake Traditional Investment?
  • 1,543 days Americans Still Quitting Jobs At Record Pace
  • 1,545 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,548 days Is The Dollar Too Strong?
  • 1,549 days Big Tech Disappoints Investors on Earnings Calls
  • 1,550 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,551 days China Is Quietly Trying To Distance Itself From Russia
  • 1,552 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,555 days Crypto Investors Won Big In 2021
  • 1,556 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,557 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,559 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,559 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,562 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,563 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,563 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,565 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

EUR/CHF - Short-Term Bullish

EUR/CHF is pushing higher. Yet the technical structure indicates that the pair is trading without any real direction (lower highs and higher lows). Yet, a medium-term term bearish bias is still favoured. Hourly support lies at 1.0733 (28/08/2015 low). Resistance can be found at 1.0908 (declining channel resistance).

In the longer term, the technical structure remains negative as long as prices remain below the resistance 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).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment