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EUR/CHF - Slowly Rising To 1.1000

EUR/CHF has broken hourly resistance at 1.0982 (25/09/2015 high). Hourly support lies at 1.0733 (28/08/2015 low). Expected to test 1.1000.

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

 

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