EUR/CHF is riding within uptrend channel. Buying pressures are still strong. Strong resistance is now given at 1.1623 (22/09/2017 high). Expected to bounce back within uptrend channel.
In the longer term, the technical structure has reversed. Strong resistance is given at 1.20 (level before the unpeg). 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).
