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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 - Targeting Again 1.1000

EUR/CHF is approaching again towards 1.1100. Hourly resistance is located at 1.1108 (10/05/2016 high) while hourly support lies at 1.1015 (13/05/2016 low). Stronger support is given at 1.0863 (23/03/2016 low). The technical structure suggests that the pair should increase until 1.1200.

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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