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EUR/CHF - Holding Above 1.0900

EUR/CHF's upside pressures continue. Hourly resistance is now located at 1.0945 (12/07/2016 high) and support is given at 1.0794 (06/07/2016 low). The break of the 1.0900 level suggests that the pair may monitor, in the short-term, resistance at 1.1037 (24/06/2016 high).

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).

Daily Technical Report

 

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