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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 - 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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