EUR/CHF is increasing following recent consolidation, trading between hourly resistance and support at 1.162 (07/02/2018 high) and 1.1487 (12/92/2918 low). The technical structure suggests further short-term upside moves.
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. Support can be found at 1.0234 (20/04/2015 low).