HomeContributorsTechnical AnalysisEUR/CHF Very Strong Bullish Momentum

EUR/CHF Very Strong Bullish Momentum

EUR/CHF is still trading above psychological level at 1.1000 and the pair is heading sharply higher. s. Hourly support is located at a distance at 1.0984 (13/07/2017 low). Road is wide-open for further strengthening.

In the longer term, the technical structure is mixed. 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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