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MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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EUR/CHF - Approaching Resistance At 1.1061

EUR/CHF has finally erased 1.1000. Hourly resistance can be found at 1.1061 (17/02/2016 high) while hourly support lies at 1.0955 (29/04/2016 low). Stronger support is given at 1.0863 (23/03/2016 low). Expected to break resistance at 1.1061 in the very-short term.

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).

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