EUR/CHF’s buying pressures are fading and selling pressures arise. Hourly support is located at a distance at 1.1412 (04/08/2017 low). Expected to show further downside pressures towards 1.1400.
In the longer term, the technical structure has reversed. Resistance at 1.1200 (04/02/2015 high) has been broken. 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).
