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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 - Consolidating Around 1.0900

EUR/CHF is edging higher on SNB intervention and on declining volatility. Hourly resistance lies at 1.1037 (24/06/2016 high) and support is given at 1.0623 (24/06/2016 low). Expected to pause around 1.0900.

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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