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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 - Collapse

EUR/CHF continues to decline sharply today. The support at 1.0826 has been breached, confirming an underlying downtrend. Key resistance still lies at 1.0848 (29/09/2016 high) while support can be found at 1.0789 (29/07/2016 low). 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).

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