EUR/CHF stabilizes. has broken the key resistance area between 1.1525 and 1.1649. This validates a bearish reversal pattern with an upside potential at 1.1388. Hourly resistance can now found at 1.1593. Next resistance is given at 1.1685 (26/01/2018 high).
In the longer term, the technical structure has reversed. Strong resistance is given at 1.20 (level before the unpeg). Yet, the ECB’s slowing QE program is likely to cause buying pressures on the euro, which should weigh in favour of the EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).