EUR/CHF has broken key resistance at 1.1711 before bouncing back. Support is given at 1.1610 (27/10/2017 low). Expected to show continued bullish strengthening.
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).