EUR/CHF stabilizes above 1.1500 after breaking resistance at 1.1485 (17/10/2017 low). This validates a bearish reversal pattern with an upside potential at 1.1388. Hourly resistances are found at 1.15850 (19/10/2017 high) and 1.1685 (26/01/2018 high). Support targets are given at 1.14269 (04/10/2017 low) and 1.1388 (02/10 2017 low).
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).