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EUR/CHF Monitoring The 1.17 Level

Swissquote Bank SA
By Swissquote Bank SA

EUR/CHF continues to push towards resistance area above 1.17 and support given at 1.1610 (27/10/2017 low). Expected to show continued increase.

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).

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
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