• 1 day America's Semiconductor Shortage Is Just Getting Started
  • 1 day America's Semiconductor Shortage Is Just Getting Started
  • 4 days The EU Begins Backtracking On China Trade
  • 5 days Americans Are Sick Of Unfair Taxation
  • 7 days No Jab, No Job: The New Hardline Policy of U.S. Employers
  • 10 days What’s Included In Biden’s $6 Trillion Economic Plan?
  • 10 days The “Great Car Comeback” Brightens Oil Demand Outlook
  • 11 days The 3 Most Profitable Covid-19 Vaccine Stocks
  • 13 days Beijing Launches Digital Currency To Break AliPay-WeChat Duopoly
  • 14 days The New Economic World Order After Covid-19
  • 18 days 3 Signals To Watch For A Stock Market Correction
  • 20 days Netflix Earnings Red Alert: Subscriptions Could Underwhelm
  • 21 days Wall Street Banks Are Back
  • 21 days Elon Musk’s SpaceX Scores Big Win Over Jeff Bezos’ Blue Origin
  • 22 days Which Country Is The World’s Largest Investor In Batteries?
  • 24 days Are Bitcoin’s Environmental Risks Overblown?
  • 24 days Why The Gold Rush Ran Out Of Steam
  • 27 days Coinbase IPO Explodes, But Fails To Keep Its Momentum
  • 27 days China Slaps Alibaba With Record $2.75B Antitrust Fine
  • 28 days The Pandemic Has Culled The Middle Class
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…

Contact Author

  1. Home
  2. Markets
  3. Other

EUR/CHF - Profit Taking

EUR/CHF's bullish momentum starts to fade. The pair is heading lower. Key resistance lies at 1.1037 (24/06/2016 high). We continue to consider that selling pressures are very important at this level. Expected to see further weakness.

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

 

Read the Report

Back to homepage

Leave a comment

Leave a comment