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Modern monetary theory has been…

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EUR/CHF - Strong Selling Pressures

EUR/CHF is holding below 1.0900. The pair constantly fails to challenge strong resistance at 1.1037. Hourly support can be found at 1.0870 (13/10/2016 low). Another support can be found at 1.0811 (29/07/2016 low).

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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